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Singapore Level of competition watchdog states seize's strategy to obtain Trans-taxi will appreciably weaken rivals The proposed takeover is anticipated to entrench and improve seize’s previously-dominant place in the journey-hail platform market place, which would not benefit motorists and travellers, explained CCCS.
The 2 firms more info Beforehand claimed that one hundred per cent from the shares in Trans-taxi will be acquired by way of Grab's personal-seek the services of vehicle rental arm seize Rentals.
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Drivers and passengers might As a result confront higher commissions and fees net of incentives as well as much less choices for experience-hail platform services, reported CCCS.
In its provisional decision, CCCS observed which the proposed acquisition is probably going to bring about a "significant lessening of competition" in the marketplace for the availability of trip-hail platform solutions to drivers and passengers.
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seize's proposed acquisition of Trans-taxi will 'appreciably weaken' rival trip-hail platforms in S'pore: CCCS