Grab gets conditional approval for Uber deal in the Philippines
Company raises USD2 billion in latest financing round
On 10 August, The Philippines Competition Commission (PCC) gave a conditional approval for Grab’s planned takeover of Uber’s operations in Southeast Asia, reports Reuters. However, the anti-trust regulator expected that the ride-hailing service provider will adhere to certain rules designed to keep the market fair for consumers.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
