Taiwan Blocks Grab’s Purchase of Foodpanda Delivery Business
Taiwan’s Fair Trade Commission blocked Grab’s purchase of Delivery Hero’s Foodpanda delivery business in Taiwan, citing competition concerns.
Taiwan’s Fair Trade Commission said Wednesday it had prevented Grab (NASDAQ: GRAB) from acquiring Delivery Hero’s (XETR: DHE1) Foodpanda delivery business in Taiwan, citing competition concerns. Grab is Southeast Asia’s largest ride-hailing and delivery company.