Grab won't fight CCCS ruling and will pay fine

Grab says that despite disagreeing with parts of the Competition and Consumer Commission of Singapore's findings, it has decided not to appeal because it does not want to have the matter "drag on".
Grab says that despite disagreeing with parts of the Competition and Consumer Commission of Singapore's findings, it has decided not to appeal because it does not want to have the matter "drag on".ST PHOTO: KEVIN LIM

But Uber is appealing against competition watchdog's decision as a 'matter of principle'

Apps firm Grab has decided not to appeal against an anti-competitive penalty, and will pay the $6.42 million fine imposed by the Competition and Consumer Commission of Singapore (CCCS) last month.

This was its share of a $13 million fine imposed after the commission found that Grab's takeover of rival Uber's South-east Asian business was anti-competitive.

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A version of this article appeared in the print edition of The Straits Times on October 23, 2018, with the headline 'Grab won't fight CCCS ruling and will pay fine'. Print Edition | Subscribe