Vietnam trade ministry says formally launched investigation into Uber-Grab merger – Reuters Politics

HANOI (Reuters) – Vietnam’s Ministry of Industry and Trade on Friday officially launched an investigation into the takeover of Uber Technologies’ Southeast Asia business by rival Grab, the ministry said.

FILE PHOTO: The logo of Uber is pictured during the presentation of their new security measures in Mexico City, Mexico April 10, 2018. REUTERS/Ginnette Riquelme/File Photo

The investigation will take 180 days, with the possibility to be extended by up to 120 days, the ministry said in a statement.

Reporting by Khanh Vu; Editing by Keith Weir

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