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South Korea's KakaoBank to secure 10 percent stake in Superbank - Companies

South Korea's KakaoBank to secure 10 percent stake in Superbank - Companies
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.

South Korea , South Korean , Indonesia Emtek Group , Pt Super Bank Indonesia Superbank , Bank Indonesia , Emtek Group ,

Used car marketplace Carro logs first profitable year, posts $464m revenue in FY22

Revenue grew 2.5 times from the previous year. ....

Kelvin Chng , Aditya Lesman , Permodalan Nasional Berhad , Trusty Cars Pte Ltd , Indonesia Emtek Group , Softbank Vision Fund , Temasek Holdings , Aaron Tan , Vision Fund , Southeast Asian , Southeast Asia ,

Editor's take: The week that was — April 12-17

Editor’s take: The week that was April 12-17
April 18, 2021
There are SPAC mergers, and then there are mega SPAC mergers, as the Southeast Asian ride-hailing decacorn and super app
Grab Holdings showed this week.
On Tuesday, Grab announced that it has inked a deal to list on the Nasdaq via a merger with the blank cheque company Altimeter Growth Corp., valuing it at $39.6 billion and setting a new milestone for the global SPAC boom.
The deal also means it’s a long-awaited payday for shareholders including
SoftBank, which will hold an 18.6% stake, valued at $7.4 billion upon de-SPAC.
Uber, which had struck a deal with Grab in 2018 for a 27.5% stake in exchange for exiting Southeast Asia, is likely to walk away with a 14.3% stake valued at $5.7 billion. ....

Jawa Tengah , Republic Of , United States , South Korea , Alpha Jwcis , Arya Setiadharma , Prasetia Dwidharma , World Bank Group , Softbank Vision Fund , Indonesia Emtek Group , International Finance Corporation , Partner Private Equity Technology , Partners Group , Altimeter Growth Corp , Southeast Asian , Grab Holdings , Southeast Asia , Tantold Nikkei , Emtek Group , Telkom Indonesia , Djarum Group Backed , Mandiri Capital Indonesia , Sequoia Capital , Flipkart Groupis , Cyrus Driver , Alternative Ventures ,