A competition observer finds temporarily that the Grab-Uber merger has reduced competition

SINGAPORE: The Singapore Competition and Consumer Commission (CCCS) has provisionally concluded that the merger agreement between Grab and Uber has led to a "significant lessening of competition" in the platforms. announced Thursday, July 5th.

"CCCS concluded its investigation after gathering evidence from parties and third parties," the press release said.

"CCCS provisionally concluded that the Transaction had eliminated competition between Grab and Uber, which were their closest competitors to each other, with the merged entity being likely to increase transaction prices, "he said.

With respect to these provisional findings, the Competition Watch Committee also proposed corrective measures to restore the contestability of the market and impose financial penalties on the parties.