NTUC Enterprise gets competition panel's nod to buy Kopitiam

Singapore

SINGAPORE'S competition watchdog on Thursday gave the green light for NTUC Enterprise's proposed acquisition of food centre operator Kopitiam, saying that it would not lead to a substantial lessening of competition.

In its grounds of decision, the Competition and Consumer Commission of Singapore (CCCS) said that it has studied the three markets that would be affected by the proposed transaction, after it was notified about NTUC Enterprise's move on Sept 28.

The acquisition of Kopitiam Investments and its subsidiaries was announced on Sept 21. The value of the transaction has not been disclosed.

The proposed acquisition would bring …