SANTIAGO (Reuters) – Chile’s antitrust regulator said on Friday it had approved “without conditions” Uber’s purchase of Chilean online grocery provider Cornershop, clearing a key hurtle for the ride-hailing company as it seeks to expand into the delivery of groceries and other goods.
FILE PHOTO: The Uber logo is displayed on a mobile phone in this picture illustration taken November 25, 2019. REUTERS/Hannah McKay/Illustration
Uber said in late 2019 it would buy a majority stake in the Santiago-based Cornershop, but the deal was subject to the approval of regulators in Chile and Mexico.
“The operation does not substantially reduce competition and, consequently, does not negatively affect … access, price, quantity or quality,” antitrust regulator FNE said in a statement on its decision.
Mexican authorities have yet to green-light the transaction.
Cornershop has rapidly gained popularity in Latin America. Its uniformed staff are a common sight in grocery store aisles,…
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