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SHARE South-East Asia s biggest ride-hailing and food delivery firm, Grab Holdings, agreed to a merger on Tuesday with US-based Altimeter Growth Corporation in a deal that gives Grab an initial equity value of about $39.6 billion and will lead to a public listing. The merger, the biggest blank cheque company deal ever, underscores the frenzy on Wall Street as shell firms have raised $99 billion in the United States so far this year after a record $83 billion in 2020. Singapore-based Grab s agreement with a special purpose acquisition company backed by Altimeter Capital includes a more than $4bn private investment in public equity by investors including BlackRock, Fidelity International, Janus Henderson Investors and Temasek Holdings. ....
blizzard . At least 50 flights to places such as Malaga, Tenerife and Ceuta, a Spanish territory in north Africa, were cancelled, Aena said. Soldiers worked to reach drivers stranded for hours on roads around Madrid. We continue the rescue of vehicles on the A4, A5, M40 and M607, said the Unit for Military Emergencies, which sent 147 soldiers to help motorists. High-speed rail services between Madrid and the south-eastern cities of Alicante and Valencia were suspended, as were bus services in Madrid, the city council said on Saturday. Our fixture @Athletic en has been postponed due to the winter snow in Spain. Atlético de Madrid (@atletienglish) ....