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Grab to buy Singapore's taxi company Trans-Cab thejakartapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thejakartapost.com Daily Mail and Mail on Sunday newspapers.
PETALING JAYA: Ride hailing company Grab is acquiring Singapore’s third largest taxi operator Trans-Cab for an undisclosed amount, according to The Straits Times. ....
SINGAPORE - Ride-hailing giant Grab is acquiring Trans-Cab, Singapore’s third-largest taxi operator. The purchase – for an undisclosed amount but understood to be around $100 million – includes some 2,200 taxis and more than 300 private-hire vehicles which Trans-Cab owns. Sources told The Straits Times that negotiations started only two months ago, and the transaction is slated to be completed. ....