Grab Holdings Limited

Grab Rentals’ acquisition of Trans-cab still under review - CCCS

The acquisition has not been cleared of competition concerns.

The Competition and Consumer Commission of Singapore (CCCS) has completed the Phase 1 review of the proposed acquisition by Grab Holdings Limited (Grab), through its subsidiary Grab Rentals, of 100% of the shares of Trans-cab Holdings.

The commission, however, was unable to come up with a conclusion after the review.

CCCS conducted the review to ensure non-infringement of section 54 of the Competition Act 2004, which prohibits mergers that have resulted or may be expected to result in a substantial lessening of competition within any market in Singapore.

According to CCCS, the parties overlap in the provision of private-hire car rentals for ride-hail services in Singapore and ride-hail platform services in Singapore.

Grab operates primarily over a mobile application across the digital financial services, delivery, and mobility sectors, which also include ride-hail platform services. 

Trans-cab is a licensed street-hail service operator in Singapore and also owns a fleet of private-hire cars for rental to drivers for the provision of ride-hail services. Trans-cab offers phone taxi booking services to passengers but only for the taxi fleet operated by Trans-cab.
Parties may offer commitments to address the potential competition concerns of the proposed acquisition raised by CCCS. Otherwise, CCCS will proceed to Phase 2 review upon CCCS’s receipt of the relevant documents from the parties.

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!