CCCS reviews Grab's proposed acquisition of Trans-Cab, Singapore's third-largest taxi operator, due for two years of addressing competition concerns.

The Competition and Consumer Commission of Singapore (CCCS) has started an in-depth review of the proposed acquisition of Trans-cab, Singapore's third-largest taxi operator, by ride-hailing company Grab Holdings' unit. The review comes after Nasdaq-listed Grab announced its intention to acquire Trans-cab in a deal involving a combined taxi and private-hire-vehicle fleet of over 2,500 vehicles owned by Trans-cab. The CCCS will complete the review and decide whether to give a favorable or unfavorable decision on the proposed acquisition.

January 31, 2024
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