Germany’s Supply Hero had been trying to divest its foodpanda enterprise in some Southeast Asian markets and media experiences from September had mentioned Singapore-based Seize might be a possible purchaser.
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The Competitors and Client Fee of Singapore (CCCS) mentioned it began an investigation into this potential tie-up in early January.
Seize and foodpanda management about 91% of Singapore’s $2.5 billion meals supply market, based on a report by analysis agency Momentum Works, with Seize alone having a 63% market share.
The CCCS, nevertheless, closed its investigation on Feb. 23, after Supply Hero scrapped plans of a possible sale and Seize mentioned it was not pursuing any such deal.
The talks had collapsed in early February, media experiences mentioned.
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Seize and Supply Hero didn’t instantly reply to Reuters’ requests for remark.
