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BRIEF-Singapore's Competition Commission Starts Review Of Proposed Acquisition Of Trans-Cab By Grab

Reuters SG

Jan 31 (Reuters) - Competition And Consumer Commission Of Singapore:

* STARTED IN-DEPTH REVIEW OF PROPOSED ACQUISITION BY GRAB RENTALS PTE OF TRANS-CAB HOLDINGS

* PROPOSED COMMITMENTS BY GRAB TO ADDRESS COMPETITION CONCERNS AT END OF PHASE 1 REVIEW NOT ACCEPTED

* FOUND THAT PROPOSED DURATION OF 2 YEARS FOR GRAB'S COMMITMENTS WAS INSUFFICIENT TO ADDRESS COMPETITION CONCERNS

* ALSO FOUND GRAB’S MONITORING MECHANISM, WHICH WAS TO BE SELF-POLICING IN NATURE, TO BE INSUFFICIENT Further company coverage: