KONTAN.CO.ID - SINGAPORE. Southeast Asian ride-hailing company Grab plans to acquire Singapore's third-largest taxi operator Trans-Cab for around S$100 million ($75.64 million), the Straits Times newspaper reported on Thursday, citing sources. The acquisition would include 2,200 taxis and more than 300 private-hire vehicles owned by Trans-Cab, the Singapore national daily said. The acquisition process started two months ago and is slated to be completed this week, it added, without specifying how many sources it spoke to.
Grab to Buy Singapore's Third-Largest Taxi Company for S$ 100 Million
KONTAN.CO.ID - SINGAPORE. Southeast Asian ride-hailing company Grab plans to acquire Singapore's third-largest taxi operator Trans-Cab for around S$100 million ($75.64 million), the Straits Times newspaper reported on Thursday, citing sources. The acquisition would include 2,200 taxis and more than 300 private-hire vehicles owned by Trans-Cab, the Singapore national daily said. The acquisition process started two months ago and is slated to be completed this week, it added, without specifying how many sources it spoke to.
