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

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.

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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


Updated Date

Last Updated on 27 September 2018