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Singapore’s competition agency to review the proposed Uber-ComfortDelGro alliance

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Another day, another headline for Uber.

 

It seems that Uber can't keep out of the business headlines at the moment. After recent rumours they are set to sell their South East Asia operations to their largest competitor, Grab, today brings a whole new wave of talk about the car hailing app.

 

After ComfortDelGro said in December that they would be looking to buy a 51 percent stake in a unit of Uber that runs a fleet of private hire vehicles in an effort to remain a player in the ride-hailing world, Singapore's competition commission has said that they will be looking into this potential sale.

 

The agency has said that they have requested information from both firms to be submitted by March 5th, 2018 so that it can assess whether it infringes on Singapore's competition laws. They said:  “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”.

 


Written by
Poppy covers a wide range of topics at Billionaire, having spent the past 13 years at companies including Singapore Tatler, Her World Plus and Harpers Bazaar UK. She has a passion for fashion, jewellery and travel as well as an avaricious fascination with crime novels. Follow her at poppypskinner on Instagram. 

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