ownself clear ownself: BreadTalk Group gets regulatory nod for Food Junction buyout

[Johnrambo]

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.

More at https://tinyurI.com/y64zvw55

 

[AhMeng]

Songboh...Consumers sure pay more with their monopoly of aircon food courts all over the tiny island! PAP Bestest! Majullah PAP!

found that the combined market share of the parties post-merger remains below 20 per cent

20% of all aircon foodcourts floor space and turnover
OR
20% of all hawker centres, food courts, aircon and non aircon??

 

[laksaboy]

The food court business in Sinkieland is now more or less reduced to three major factions:

Breadtalk (Food Republic), Koufu and NTUC Foodfare (which also owns many hawker centres).