Feedback suggests concern on Grab39;s ownership of Transcab
Grab says both companies to ensure commuter benefit
Singapore39;s MA activity down 69 in first 9 months LSEG

Oct 16 Reuters The Competition and Consumer Commission of Singapore CCCS on Monday raised competition concerns about a plan by Southeast Asian ridehailing company Grab to acquire Singapore39;s thirdlargest taxi operator, Transcab.

The commission said in a statement that it was unable to conclude at the end of its first phase of review of the proposed acquisition that the deal did not give rise to any competition concerns.

Thirdparty feedback received by CCCS suggests concerns on the effect of Grab39;s ownership of the Transcab fleet on Transcab drivers39; usage of rival ridehail platforms, which may raise barriers to expansion and entry for Grab39;s rival ridehail platforms, the commission said.

The commission said it needed to review the impact on competition of the proposed acquisition in greater detail.

Grab and Transcab may offer commitments to address any competition concerns raised, it said, adding that otherwise it would proceed to a more indepth, second phase of review after receiving relevant documents from the companies.

A Grab spokesperson said both companies intended to abide by the pointtopoint regulatory framework of Singapore39;s Land Transport Authority, which promotes open competition and prohibits any form of anticompetitive behaviour, such as offering exclusive arrangements…