Singapore

MAINBOARD-listed food and beverage player BreadTalk Group has obtained regulatory approval for its buyout of Food Junction, paving the way for the group to become the third-largest food court operator in Singapore.

In a statement on Tuesday, the Competition and Consumer Commission of Singapore (CCCS) said it had found that the combined market share of the parties post-merger remains below 20 per cent. This puts the market share "considerably lower" than those of the larger food court operators such as NTUC Kopitiam and Koufu.