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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
Investigation | Closed - Infringement Decision Issued
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 |
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. |