BRIEF-Singapore's CCCS Issues Provisional Decision On Grab Holdings’s Proposed Acquisition Of Trans-Cab Holdings
July 11 (Reuters) - SINGAPORE'S CCCS:
* ISSUES PROVISIONAL DECISION ON GRAB HOLDINGS LIMITED’S PROPOSED ACQUISITION OF TRANS-CAB HOLDINGS
* PROPOSED ACQUISITION WILL WEAKEN GRAB’S RIVAL RIDE-HAIL PLATFORMS BY DEPRIVING THEM OF IMPORTANT SOURCE OF DRIVERS
* ACQUISITION LIKELY TO RESULT IN SUBSTANTIAL LESSENING OF COMPETITION FOR SUPPLY OF RIDE-HAIL PLATFORM SERVICES IN SINGAPORE
* WELCOME PARTIES TO OFFER SOLUTIONS TO ADDRESS COMPETITION CONCERNS RAISED, BEFORE CCCS MAKES FINAL DECISION Further company coverage: