BRIEF-Singapore's CCCS Says Had Issued Interim Measures Directions On Possible Acquisition By Grab Of Delivery Hero's Business In Singapore-March 2024-www.financetom.com

BRIEF-Singapore's CCCS Says Had Issued Interim Measures Directions On Possible Acquisition By Grab Of Delivery Hero's Business In Singapore

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BRIEF-Singapore's CCCS Says Had Issued Interim Measures Directions On Possible Acquisition By Grab Of Delivery Hero's Business In Singapore

Mar 31, 2024 10:27 PM

April 1 (Reuters) - Competition And Consumer Commission

Of Singapore:

* HAD ISSUED INTERIM MEASURES DIRECTIONS DURING POSSIBLE

ACQUISITION BY GRAB OF DELIVERY HERO'S BUSINESS IN SINGAPORE

* IMDS ISSUED BY CCCS AIMED TO ENSURE MARKET REMAINED OPEN

AND

CONTESTABLE UNTIL COMPLETION OF CCCS'S INVESTIGATION

* IMDS CEASED TO BE IN EFFECT FROM FEB 23 AFTER POSSIBLE

ACQUISITION BY GRAB OF DELIVERY HERO'S SINGAPORE BUSINESS WAS

ABANDONED

Further company coverage:

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