In early July, the Competition and Consumer Commission of Singapore (CCCS) provisionally found that the merger had substantially reduced competition and suggested various remedies, such as the sale of their car-leasing businesses and removing exclusivity obligations on drivers who use Grab’s ride-hailing platform.
SINGAPORE (July 27): Grab said on Friday it disagreed with the Singaporean anti-monopoly watchdog’s assessment that its takeover of Uber’s operations had harmed competition and called the commission’s suggested measure of removing exclusivity arrangements with drivers as “one-sided”.
Earlier this year, Uber Technologies sold its Southeast Asian business to bigger regional rival Grab in exchange for a stake in the Singapore-based firm. But the deal has prompted regulatory scrutiny.
