CCCS Clears Proposed Acquisition Involving Distributors of Food Products
The Competition and Consumer Commission of Singapore (“CCCS”) has today cleared the proposed acquisition by DKSH Holding (S) Pte. Ltd. (“DKSH Holding (S)”) of Auric Pacific Marketing Pte. Ltd. (“APM”) and Centurion Marketing Pte. Ltd. (“CM”) (the “Proposed Transaction”). CCCS has concluded that the Proposed Transaction, if carried into effect, will not infringe the section 54 prohibition of the Competition Act (Cap. 50B) (the “Act”).
For the purposes of the assessment, CCCS considered that the relevant market for the Proposed Transaction is the market for the provision of distribution services for packaged food and beverage products in Singapore.
Following feedback from third parties and submissions by DKSH Holding (S), CCCS has concluded that the Proposed Transaction, if carried into effect, will not lead to a substantial lessening of competition within the relevant market in Singapore.