- Home
- Case Register
- Public Consultations
- Closed - Investigations
- Acquisition of Uber's Southeast Asian business by Grab and Uber's acquisition of a 27.5 per cent stake in Grab
Investigation | Closed
Acquisition of Uber's Southeast Asian business by Grab and Uber's acquisition of a 27.5 per cent stake in Grab
27 March 2018
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
Reference | 500/001/18 |
|---|---|
Case Title | Acquisition of Uber's Southeast Asian business by Grab and Uber's acquisition of a 27.5 per cent stake in Grab |
Date of Issuance of Interim Measures Directions | 13 April 2018 |
Date of Issuance of Proposed Infringement Decision | 5 July 2018 Based on its overall assessment of all information available, CCCS proposes a finding that the Transaction, having been carried into effect, has infringed section 54 of the Competition Act. |
Date of Issuance of Infringement Decision | 24 September 2018 CCCS has issued an Infringement Decision against Grab and Uber in relation to the sale of Uber's Southeast Asian business to Grab for a 27.5% stake in Grab in return (the "Transaction"). The Transaction was completed on 26 March 2018. CCCS found that the Transaction has led to a substantial lessening of competition in the provision of ride-hailing platform services in Singapore. Read the Infringement Decision paper |