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Philippines competition watchdog says examining Uber-Grab deal

Used Grab and Uber helmets are seen at used-helmet shop in Jakarta, Indonesia, April 2, 2018. REUTERS/Beawiharta

SINGAPORE (Reuters) - The Philippines competition watchdog said on Monday it is looking at whether the deal by Uber Technologies [UBER.UL] to sell its Southeast Asia business to rival Grab will substantially reduce competition.

“The Grab-Uber acquisition is likely to have a far reaching impact on the riding public and the transportation services. As such, the PCC is looking at the deal closely,” the Philippine Competition Commission (PCC) said in a statement.

Reporting by Neil Jerome Morales; Editing by Muralikumar Anantharaman

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