Singapore escalates SUTL-Keppel Bay marina merger to Phase 2 review
( July 23, 2026, 09:52 GMT | Official Statement) -- MLex Summary: Singapore's Competition and Consumer Commission has opened an in-depth Phase 2 review of SUTL Enterprise’s proposed acquisition of Marina at Keppel Bay after rejecting commitments offered to address preliminary competition concerns. The regulator said its Phase 1 review found SUTL and Keppel Bay may be each other’s closest competitors in Singapore’s premium marina segment and would hold significant combined market shares after the deal. During Phase 2, the parties may submit revised commitments before CCS decides whether to clear or oppose the transaction.The statement is attached....
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