Grab no longer buying Trans-cab
Grab Holdings Limited has dropped its plan to acquire Singapore's third-largest taxi operator, Trans-cab Holdings Ltd., through its subsidiary GrabRentals Pte. Ltd.
The companies notified the Competition and Consumer Commission of Singapore (CCCS) of their decision not to proceed with the proposed acquisition on Jul. 22, said CCCS in a Jul. 25 media release.
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Don Quan 28/07/2024
highly likely after careful calculation and planning it turned out to not be as lucrative as initially thought
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