The Competition and Consumer Commission of Singapore (CCCS) has concluded that the proposed acquisition by BreadTalk Group through its subsidiary Topwin Investment Holding of Food Junction Management, will not infringe competition in Singapore. After consulting stakeholders and evaluating relevant information, the competition watchdog said in a statement that the transaction will not lead to a substantial lessening of competition within the relevant markets in Singapore.
This comes a month after the CCCS called for public feedback on BreadTalk’s proposed buy of Food Junction. The competition watchdog evaluated public’s feedback on whether switching to competitors of Food Junction and/or Food Republic is “easy” if the prices of the merged entity were to increase by 10% post-merger.
According to its assessment, both BreadTalk and Food Junction will continue to compete with other stalls operated by third-party food vendors within their own premises as well as within other food court premises in the catchment areas after the proposed transaction.
Full Content: Marketing Interactive
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI