Singapore competition agency to look closer at Uber tie-up with…


SINGAPORE (Reuters) – Singapore’s competition commission said on Monday it plans to do further in-depth assessment of the tie-up between the city-state’s top taxi operator, ComfortDelGro, and Uber [UBER.UL], after an initial review.

The agency said it had requested further information from both parties to be submitted by March 5, after which it will assess whether their tie-up infringes Singapore’s competition laws.

“CCS (Competition Commission of Singapore) is unable to conclusively determine that competition issues will not arise,” it said in a statement.

ComfortDelGro said in a statement that “both parties remain committed to this partnership”.

ComfortDelGro said in December it would buy a 51 percent stake in a unit of Uber that runs a fleet of private hire vehicles, as the companies seek to bridge the gap with dominant ride-hailing firm Grab.

Reporting by John Geddie; editing by Jason Neely

Source link

Products You May Like

Articles You May Like

Celebrated dino-bird Archaeopteryx could fly, but not very well
Russia to expel UK diplomats as crisis over nerve toxin attack deepens
Venezuela begins power rationing as drought causes severe outages
Trump critics attack firing of FBI
In Chicago, a Democratic incumbent is targeted by the left

Leave a Reply

Your email address will not be published. Required fields are marked *