seize's proposed acquisition of Trans-taxi will 'noticeably weaken' rival experience-hail platforms in S'pore: CCCS
SINGAPORE: An acquisition of taxi operator Trans-cab by Grab will noticeably weaken its rivals, claimed Singapore's Competitiveness watchdog pursuing an in-depth review on the proposed takeover.
listed here, CCCS pointed out that seize also recognised that its proposed acquisition could possibly help the organization conserve on driver incentives:
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get announced its decide to acquire Trans-cab, which incorporates the latter's taxi and automobile rental business enterprise, upkeep workshop, and gasoline pump operations, by way of its subsidiary GrabRentals Pte. Ltd for an not known total in July 2023.
"We'll keep on to operate our business enterprise as regular," Trans-cab advised CNA on Friday early morning when requested about its response into the CCCS statement. the corporation declined to touch upon no matter if It could be making its representations around the problems elevated.
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therefore, seize's proposed acquisition "is likely to affect the flexibility of rival experience-hail platforms to fulfil trip requests and, over time, make them fewer eye-catching to travellers and motorists" as drivers have a tendency to prefer platforms with substantial figures of travellers and vice versa.
seize's proposed acquisition of Trans-cab will 'significantly weaken' rival trip-hail platforms in S'pore: CCCS