Grab-Uber deal may be illegal: VCA
Thursday, May 17,2018AsemconnectVietnam - Grab’s acquisition of Uber could have violated the Competition Law, said officials of the Viet Nam Competition Authority (VCA) under the Ministry of Industry and Trade, adding that they might begin an official investigation.
VCA released the conclusion of its preliminary investigation yesterday, spanning 30 days into Grab’s purchase of Uber’s stakes in the Southeast Asian region, including Viet Nam, initiated on April 16th.
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