Grab’s acquisition of Uber is coming under further scrutiny. (Photo: laodong.com.vn) Hanoi (VNS/VNA) – Vietnam’s authorities plan to conduct further investigations into the merger of Grab and Uber last year over possible antitrust regulations violations, said the Ministry of Industry and Trade on February 13. The Competition Council announced that after examining documents and working sessions with relevant parties, it had discovered a number of new details related to possible violations of competition law in Grab’s acquisition of fellow ride-hailing platform Uber last March. These discoveries prompted the council to return the case dossiers to the Ministry’s Competition and Consumer Protection Department for further investigation. The investigation is expected to run until April this year. Last year, Grab announced its acquisition of Uber’s operations in Southeast Asia, including Vietnam. In Vietnam, the investigation into Grab and Uber’s merger was initiated in May 2018. The Competition Council in December 2018 announced Grab’s acquisition of Uber had signs of violations in terms of failure to notify market regulators of its purchase of Uber. The deal was also thought to have threatened Vietnamese taxi companies by cutting their market shares and changing customer habits. Notably, competition authorities have said the combined market share between Grab and… Read full this story
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