Summary: The Competition and Consumer Commission of Singapore (CCCS) has raised concerns about Grab’s proposed acquisition of Trans-cab, Singapore’s third-largest taxi operator. The commission stated that it was unable to conclude, after its initial review, that the deal would not impact competition. Third-party feedback suggests concerns about Grab’s ownership of Trans-cab affecting rival ride-hail platforms and potentially creating barriers to expansion and entry for these rivals. The commission will conduct a more detailed review of the acquisition’s competition effects.
The Competition and Consumer Commission of Singapore (CCCS) has issued a statement expressing concerns about Grab’s plan to acquire Trans-cab, Singapore’s third-largest taxi operator. After its initial review, the commission was unable to reach a conclusion that the proposed acquisition would not give rise to competition concerns. According to third-party feedback received by CCCS, there are concerns about the impact of Grab’s ownership of the Trans-cab fleet on the usage of rival ride-hail platforms by Trans-cab drivers. This, in turn, may create barriers to expansion and entry for competing ride-hail platforms. As a result, the commission has decided to conduct a more detailed review of the competition effects of the proposed acquisition. This review would provide further insights into the potential consequences of Grab’s acquisition of Trans-cab on the ride-hail market in Singapore.
Tags: Singapore, Competition and Consumer Commission of Singapore, Grab, Trans-cab, acquisition, ride-hailing, competition concerns, rival platforms