This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Grab, Trans-cab deal prohibited in Singapore regulator's provisional decision

( July 11, 2024, 09:33 GMT | Official Statement) -- MLex Summary: Digital platform Grab’s planned acquisition of Singapore's third-largest taxi operator, Trans-cab Holdings, violates competition rules against anti-competitive mergers, according to the provisional decision of the Competition and Consumer Commission of Singapore. The regulator said the deal will likely entrench and strengthen Grab’s already dominant position in the ride-hail platform market to the detriment of drivers and passengers. The parties still have 10 working days from the receipt of the provisional decision to offer solutions to address the competition concerns raised. The full statement is attached. ...

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login