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

On 19 July 2018, the Competition and Consumer Commission of Singapore (CCCS) closed the public consultation on proposed remedies to Uber's acquisition of a 27.5 per cent stake in Grab Holdings Inc. (Grab). 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.