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Taiwan FTC clarifies no specific stance on Grab-foodpanda merger review

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Under investigation
  • Taiwan's Fair Trade Commission (FTC) clarified it has no specific stance on Grab's proposed acquisition of foodpanda's Taiwan operations.
  • The FTC extended its review period for the merger until October 27, emphasizing its commitment to a professional and objective examination.
  • The commission stated that all merger decisions, including conditional approvals, are made by its committee after considering economic benefits versus competition restrictions.

Taiwan's Fair Trade Commission (FTC) has issued a clarification regarding the ongoing review of Grab's proposed acquisition of foodpanda's Taiwan business. Recent reports suggesting the FTC had "conditionally approved" the merger were refuted, with the commission emphasizing that the review is still in progress and no specific stance has been determined.

Grab case is still under review, and currently has no specific stance on the review outcome.

— Fair Trade CommissionThe FTC clarified its position on the Grab-foodpanda merger.

The FTC announced an extension of the review period for Grab's merger application, now set to conclude on October 27. This extension underscores the commission's dedication to a thorough and objective examination of the case, adhering strictly to the Fair Trade Act's provisions for merger filings.

For merger applications, the FTC's review results include prohibiting the merger, not prohibiting it, or not prohibiting it with burdens or conditions.

— Fair Trade CommissionThe FTC explained the possible outcomes of its merger reviews.

In its statement, the FTC reiterated that its decisions on merger applications, whether to prohibit, allow, or approve with conditions, are made by its committee. These decisions are based on a comprehensive assessment of whether the overall economic benefits outweigh any potential restrictions on competition. The Grab case will follow this established procedure.

The FTC will fully consider all different opinions from the public and conduct a detailed and complete competition assessment of the Grab case based on market investigation information and evidence.

— Fair Trade CommissionThe FTC outlined its process for evaluating the Grab merger.

The commission assured that it will fully consider all diverse opinions from the public and will conduct a detailed and complete competitive assessment of the Grab deal, utilizing information and evidence gathered from market investigations. The FTC stressed that no predetermined position exists regarding the outcome of the review.

there is no predetermined specific stance on the review outcome of the Grab case.

— Fair Trade CommissionThe FTC emphasized its impartiality in the Grab merger review.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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