Singapore: Opened public consultation on proposed CCCS remedies to Uber's acquisition of a 27.5 per cent stake in Grab

On 5 July 2018, the Competition and Consumer Commission of Singapore (CCCS) opened a public consultation on proposed remedies to Uber's acquisition of a 27.5 per cent stake in Grab Holdings Inc. (Grab). The public consultation remains open until 19 July 2018. The investigation into the merger concluded that the transaction had removed competition between Grab and Uber, each other's closest competitors. As a result of the constraints on competition, the CCCS proposed remedies to the merger, including removal of exclusivity obligations, lock-in periods and/or termination fees on all drivers, removal of Grab's exclusivity arrangements with any taxi/CPHC fleet in Singapore, maintenance of Grab's pre-Transaction pricing algorithm and driver commission rates, and a requirement for Uber to sell Lion City Rentals, a car rental service, to potential competitors.