May 18, 2018 / 10:48 AM / 3 months ago

Vietnam trade ministry says formally launched investigation into Uber-Grab merger

HANOI, May 18 (Reuters) - Vietnam’s Ministry of Industry and Trade on Friday officially launched an investigation into the takeover of Uber Technologies’ Southeast Asia business by rival Grab, the ministry said.

The investigation will take 180 days, with the possibility to be extended by up to 120 days, the ministry said in a statement.

Reporting by Khanh Vu Editing by Keith Weir

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