Singapore clears SP Mobility-Strides YTL deal for EV charging with conditions
( May 28, 2026, 03:41 GMT | Official Statement) -- MLex Summary: Singapore’s Competition and Consumer Commission conditionally approved SP Mobility’s acquisition of Strides YTL after accepting commitments addressing competition concerns in the electric vehicle charging market. The regulator said both companies had competed in providing EV charging points at Housing Development Board carparks in eastern Singapore in a 2022 tender. SP Mobility committed to maintaining charging prices at pre-transaction levels except under limited circumstances and pledged non-discriminatory discounts and rebates. The commitments will remain in force for three years, with the CCS retaining monitoring powers.Statement follows....
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