Acquisition of Uber's Southeast Asian business by Grab and Uber's acquisition of a 27.5 per cent stake in Grab

24 September 2018

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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 Notice of Interim Measures Directions
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. Read media release Read FAQs on CCCS's proposed directions
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 media release Read the Infringement Decision paper