<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/07/81582284_l_normal_none-scaled.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="2560" height="1704" original-src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/07/81582284_l_normal_none-scaled.jpg"/></p>
<p>在新加坡搭車市場發生重大變化，東南亞領先的搭車和外賣公司 Grab 將不再收購新加坡最大的私人運營商 Trans-Cab。</p>
<p>這一決定是納斯達克上市的 Grab 為加強其市場地位所做的一年努力的結束。</p>
<p>這筆交易的終止源於新加坡競爭與消費者委員會（CCCS）兩週前發佈的臨時裁決，該裁決指出這一合併可能導致競爭顯著減少，違反了《競爭法》第 54 條。該條款禁止可能導致反競爭的合併。</p>
<h2>CCCS 做出了什麼裁決？</h2>
<p>7 月 25 日，CCCS 宣佈隨着擬議收購的終止，Grab 和 Trans-Cab 已撤回了他們關於合併的申請。因此，CCCS 也停止了對這項擬議交易的評估。</p>
<p>CCCS 於 7 月 11 日發佈的臨時決定得出結論，即 Grab 收購 Trans-Cab 可能會加強其主導市場地位，對司機和乘客單位造成損害。這一結論是在今年 1 月啓動的深入審查後得出的。</p>
<p>委員會警告稱，這一收購可能會顯著削弱競爭對手的搭車平台，可能導致乘客和司機的價格上漲。</p>
<p>CCCS 指出，這筆交易將使其他平台失去重要的司機來源，加劇行業現有的司機短缺問題。這種短缺將阻礙競爭對手履行行程請求的能力，使它們隨着時間的推移對乘客和司機變得不那麼有吸引力。</p>
<h2>這項擬議交易包括什麼？</h2>
<p>《海峽時報》報道稱，這筆交易價值新幣 1 億新幣（75.62 萬美元）。</p>
<p>這項由 GrabRentals 領導的提議收購包括約 2000 輛出租車，超過 300 輛私家車，以及 Trans-Cab 的車輛維修廠和加油站業務。</p>
<p>Grab 新加坡總經理 Yee Wee Tang 去年在一份聲明中表示，平台上增加更多司機將意味着用户能夠更快、更可靠地搭車。</p>
<p>他表示，自疫情爆發以來，新加坡面臨着 “整個行業的司機供應緊缺”，這導致平台上的價格上漲。增加司機數量將 “使乘客在高峰時段獲得更可靠的分配”，而 Trans-Cab 的維修設施可以改善運營並降低成本。</p>
<p>最初預計在 2023 年第四季度完成，但這筆交易在 2023 年 10 月遇到監管挑戰，因為 CCCS 在初步審查後對其潛在的反競爭影響表示擔憂。</p>
<p>儘管 Grab 承諾解決這些問題，但監管機構的第二次更詳細審查仍然認為這一收購可能扼殺競爭。</p>
<p>行業分析師表示，即使這筆交易繼續進行，由於 Trans-Cab 車隊價值和車輛證書價格可能發生變化，Grab 可能會尋求重新評估其最初的報價，估計超過 1 億美元。</p>
<h2>新加坡搭車市場中不是第一次失敗的合併嘗試</h2>
<p>Grab 未能收購 Trans-Cab，讓人想起 2017 年 ComfortDelGro 和 Uber 之間提議的合併。</p>
<p>ComfortDelGro 試圖以 6.42 億美元購買 Uber 的租車單位 Lion City Holdings 51% 的股份，但由於反壟斷問題，該交易被 CCCS 審查停止。</p>
<p>Uber 最終退出東南亞，將其業務出售給 Grab，這導致兩家公司因反競爭行為面臨鉅額罰款。</p>
<p>根據 Statista 的數據，新加坡的搭車市場今年將達到 9.3 億美元的收入，並由 Grab 主導。</p>
<p>這篇文章最初發表在 Invezz 上，講述了 Grab 在反壟斷擔憂下放棄收購 Trans-Cab 對新加坡搭車市場意味着什麼。</p>

GRAB

<p>Grab，東南亞領先的網約車和外賣服務公司，因反壟斷擔憂而放棄收購新加坡最大的私人出租車運營商 Trans-Cab。這項價值 1 億新加坡元的提議交易面臨新加坡競爭與消費者委員會（CCCS）的監管挑戰，並被認為可能減少競爭並損害司機和乘客利益。這一決定標誌着新加坡網約車市場的重大轉變</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz.com/wp-content/uploads/2024/07/81582284_l_normal_none-scaled.jpg" alt="" original-src="https://invezz.com/wp-content/uploads/2024/07/81582284_l_normal_none-scaled.jpg"/></p>
<p>In a major shift for Singapore’s ride-hailing market, Grab, Southeast Asia’s leading ride-hailing and food delivery company, will no longer acquire Trans-Cab, Singapore’s largest private taxi operator.</p>
<div class="lb-trans"><p>在新加坡搭車市場發生重大變化，東南亞領先的搭車和外賣公司 Grab 將不再收購新加坡最大的私人運營商 Trans-Cab。</p>
</div><p>The decision, conveyed to the Competition and Consumer Commission of Singapore (CCCS), concludes a year-long effort by the Nasdaq-listed Grab to strengthen its market position.</p>
<div class="lb-trans"><p>這一決定是納斯達克上市的 Grab 為加強其市場地位所做的一年努力的結束。</p>
</div><p>The deal’s termination follows a provisional ruling from the CCCS two weeks prior, which indicated that the merger would likely cause a significant reduction in competition, violating Section 54 of the Competition Act. This section prohibits mergers that can lead to anti-competitive outcomes.</p>
<div class="lb-trans"><p>這筆交易的終止源於新加坡競爭與消費者委員會（CCCS）兩週前發佈的臨時裁決，該裁決指出這一合併可能導致競爭顯著減少，違反了《競爭法》第 54 條。該條款禁止可能導致反競爭的合併。</p>
</div><h2>What was the CCCS verdict?</h2>
<div class="lb-trans"><h2>CCCS 做出了什麼裁決？</h2>
</div><p>On July 25, CCCS announced that with the termination of the proposed acquisition, both Grab and Trans-Cab have withdrawn their application for a decision on the merger. Consequently, CCCS has also ceased its assessment of the proposed deal.</p>
<div class="lb-trans"><p>7 月 25 日，CCCS 宣佈隨着擬議收購的終止，Grab 和 Trans-Cab 已撤回了他們關於合併的申請。因此，CCCS 也停止了對這項擬議交易的評估。</p>
</div><p>The watchdog’s provisional decision on July 11 had concluded that Grab’s takeover of Trans-Cab would likely entrench its dominant market position to the detriment of drivers and passengers. This conclusion was reached after an in-depth review initiated in January.</p>
<div class="lb-trans"><p>CCCS 於 7 月 11 日發佈的臨時決定得出結論，即 Grab 收購 Trans-Cab 可能會加強其主導市場地位，對司機和乘客單位造成損害。這一結論是在今年 1 月啓動的深入審查後得出的。</p>
</div><p>The commission warned that the acquisition could significantly weaken rival ride-hailing platforms, potentially leading to higher prices for passengers and drivers.</p>
<div class="lb-trans"><p>委員會警告稱，這一收購可能會顯著削弱競爭對手的搭車平台，可能導致乘客和司機的價格上漲。</p>
</div><p>CCCS noted that the deal would have deprived other platforms of a crucial source of drivers, exacerbating the industry’s existing driver shortage. This shortage would hinder rival platforms’ ability to fulfill trip requests, making them less attractive to both passengers and drivers over time.</p>
<div class="lb-trans"><p>CCCS 指出，這筆交易將使其他平台失去重要的司機來源，加劇行業現有的司機短缺問題。這種短缺將阻礙競爭對手履行行程請求的能力，使它們隨着時間的推移對乘客和司機變得不那麼有吸引力。</p>
</div><h2>What did the proposed deal entail?</h2>
<div class="lb-trans"><h2>這項擬議交易包括什麼？</h2>
</div><p>The Strait Times had reported that the deal was valued at S$100 million ($75.62).</p>
<div class="lb-trans"><p>《海峽時報》報道稱，這筆交易價值新幣 1 億新幣（75.62 萬美元）。</p>
</div><p>The proposed buyout, spearheaded by GrabRentals, Grab’s car-rental arm, included around 2,000 taxis, over 300 private-hire vehicles, and Trans-Cab’s vehicle workshop and fuel-pump operations.</p>
<div class="lb-trans"><p>這項由 GrabRentals 領導的提議收購包括約 2000 輛出租車，超過 300 輛私家車，以及 Trans-Cab 的車輛維修廠和加油站業務。</p>
</div><p>In a statement last year, Yee Wee Tang, Grab Singapore’s managing director had said that adding that more drivers on the platform would mean quicker and more reliable rides for its users.</p>
<div class="lb-trans"><p>Grab 新加坡總經理 Yee Wee Tang 去年在一份聲明中表示，平台上增加更多司機將意味着用户能夠更快、更可靠地搭車。</p>
</div><p>He had said that Singapore had “faced an industry-wide driver supply crunch” since the pandemic, which had resulted in higher prices on its platform. The boost to its number of drivers would “benefit passengers with more reliable allocation, especially during peak hours”, and Trans-cab’s maintenance facilities could allow for improved operations and reduced costs.</p>
<div class="lb-trans"><p>他表示，自疫情爆發以來，新加坡面臨着 “整個行業的司機供應緊缺”，這導致平台上的價格上漲。增加司機數量將 “使乘客在高峰時段獲得更可靠的分配”，而 Trans-Cab 的維修設施可以改善運營並降低成本。</p>
</div><p>Initially expected to close by the fourth quarter of 2023, the deal encountered regulatory challenges in October 2023 when CCCS raised concerns about its potential anti-competitive effects following a preliminary review.</p>
<div class="lb-trans"><p>最初預計在 2023 年第四季度完成，但這筆交易在 2023 年 10 月遇到監管挑戰，因為 CCCS 在初步審查後對其潛在的反競爭影響表示擔憂。</p>
</div><p>Despite commitments from Grab to address these concerns, the watchdog’s second, more detailed review maintained that the acquisition could stifle competition.</p>
<div class="lb-trans"><p>儘管 Grab 承諾解決這些問題，但監管機構的第二次更詳細審查仍然認為這一收購可能扼殺競爭。</p>
</div><p>Industry analysts suggested that even if the deal had proceeded, Grab might have sought to revalue its initial offer, estimated at over $100 million, due to potential changes in Trans-Cab’s fleet value and vehicle certificate prices.</p>
<div class="lb-trans"><p>行業分析師表示，即使這筆交易繼續進行，由於 Trans-Cab 車隊價值和車輛證書價格可能發生變化，Grab 可能會尋求重新評估其最初的報價，估計超過 1 億美元。</p>
</div><h2>Not the first failed consolidation bid in Singapore’s ride-hailing market</h2>
<div class="lb-trans"><h2>新加坡搭車市場中不是第一次失敗的合併嘗試</h2>
</div><p>Grab’s unsuccessful bid to acquire Trans-Cab is reminiscent of the 2017 proposed merger between ComfortDelGro and Uber.</p>
<div class="lb-trans"><p>Grab 未能收購 Trans-Cab，讓人想起 2017 年 ComfortDelGro 和 Uber 之間提議的合併。</p>
</div><p>ComfortDelGro’s attempt to purchase a 51% stake in Uber’s car rental unit, Lion City Holdings, for $642 million, was halted by a CCCS review due to antitrust concerns.</p>
<div class="lb-trans"><p>ComfortDelGro 試圖以 6.42 億美元購買 Uber 的租車單位 Lion City Holdings 51% 的股份，但由於反壟斷問題，該交易被 CCCS 審查停止。</p>
</div><p>Uber eventually exited Southeast Asia, selling its operations to Grab, which led to both companies facing substantial fines for anti-competitive practices.</p>
<div class="lb-trans"><p>Uber 最終退出東南亞，將其業務出售給 Grab，這導致兩家公司因反競爭行為面臨鉅額罰款。</p>
</div><p>According to Statista, the ride-hailing market in Singapore will reach a revenue of US$0.93bn this year and is dominated by Grab.</p>
<div class="lb-trans"><p>根據 Statista 的數據，新加坡的搭車市場今年將達到 9.3 億美元的收入，並由 Grab 主導。</p>
</div><p>The post Grab abandons Trans-Cab acquisition amid antitrust concerns: What it means for Singapore's ride-hailing market appeared first on Invezz</p>
<div class="lb-trans"><p>這篇文章最初發表在 Invezz 上，講述了 Grab 在反壟斷擔憂下放棄收購 Trans-Cab 對新加坡搭車市場意味着什麼。</p>
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Grab 因反壟斷擔憂放棄收購 Trans-Cab：這對新加坡的網約車市場意味着什麼