Grab to Acquire Singapore's Taxi Operator Trans-Cab for Around US$75.5 Million, The Straits Times Reports
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Dow Jones
-- Grab is acquiring Singapore's third-largest taxi operator Trans-Cab for around 100 million Singapore dollars (US$75.5 million), The Straits Times reports, citing unnamed sources.
-- The transaction will conclude this week after a two-month negotiation, according to the sources.
-- Grab and Trans-Cab declined to comment on the deal, said The Straits Times.
Full story: https://www.straitstimes.com/singapore/transport/grab-buying-s-pore-s-third-largest-taxi-company-trans-cab
Write to Bingyan Wang at bingyan.wang@wsj.com
(END) Dow Jones Newswires
July 20, 2023 02:56 ET (06:56 GMT)
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