The Competition Commission of Singapore (“CCS”) has commenced an investigation on 27 March 2018 into the un-notified^[1] transaction between Grab Inc. (“Grab”) and Uber Technologies, Inc. (“Uber”) (collectively, the “Parties”) for the sale of Uber’s Southeast Asia ride-hailing business to Grab in exchange for shares in Grab (the “Transaction”). CCS has reasonable grounds for suspecting that section 54 of the Competition Act (Cap. 50B) (the “Act”) has been infringed by the Transaction due to substantial lessening of competition in relation to the chauffeured personal point-to-point transport passenger and booking services (“CPPT Services”) market in Singapore.

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