CCCS issues interim measures in relation online food ordering & delivery market deal between Grab-Delivery Hero

The Competition and Consumer Commission of Singapore (CCCS) has issued interim directions to Delivery Hero SE (Delivery Hero) & Grab Holdings Inc. (Grab), in relation to the proposed acquisition of Southeast Asia’s business of Delivery Hero by Grab. Pending investigation of the proposed acquisition, CCCS to ensure contestability in the market for the supply of online food ordering & delivery services in Singapore (OFOD), has directed, inter alia, that both the parties must not take any action that would lead to possible integration of OFOD market in Singapore or materially impact the viability & saleability of Delivery Hero’s OFOD businesses in Singapore.