Singapore’s Grab in talks to sell Thai unit stake to Central Group: sources


A pedestrian walks past signage for Grab in Singapore, on Thursday, April 26, 2018. Ride-hailing service Grab started a new app in March that will be a single marketplace offering different sharing options for bicycles and electronic-scooters in Singapore, according to a company statement. Photographer: Paul Miller/Bloomberg

BANGKOK: Singapore-based ride-hailing firm Grab is in talks to sell “a decent-sized stake” in its Thai business to Thailand's largest retailer, Central Group, people with direct knowledge of the matter said on Sept 27.

The size is yet to be determined though discussions have been ongoing for some time, said one of the people, who declined to be identified as the matter was private.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Grab; Singapore

   

Next In Tech News

Smartphone bans in schools boost children's social well-being: study
Microsoft's new Copilot AI can see what you see
Google brings more AI to search engine in ‘significant’ update
A 'Star Wars' game reborn: Be the bounty hunter you always wanted to
Review: ‘Warhammer 40,000: Space Marine 2’ leverages a dark sci-fi lore with layered gameplay
UK investment summit to feature Google, Wayve and Brookfield
Foxconn beats estimates with record third-quarter revenue on AI demand
Saudi Arabia's PIF mulls larger stake in Nintendo, Kyodo reports
Game on: Automakers expand video entertainment options in vehicles
Does it sound too good to be true? Here’s how to spot, avoid online marketing scams

Others Also Read