Uber-ComfortDelGro deal under review by Competition Commission

Uber-ComfortDelGro deal under review by Competition Commission

Photo: Bloomberg

The Competition Commission of Singapore (CCS) is reviewing the proposed merger between land transportation services corporation ComfortDelGro and Uber Technologies subsidiary Lion City Holdings would see a diminishment in the taxi services sector.

On December 8, the SGX-listed land tranport services corporation entered into a deal to acquire a 51 per cent stake in Lion City Holdings for about S$295 million ($218 million). Lion City Holdings is the operator of Lion City Rentals (LCR), which owns a fleet estimated at 14,000 vehicles.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter