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Grab to acquire Singapore's third-largest taxi operator, subject to regulatory approvals

( July 20, 2023, 06:30 GMT | Official Statement) -- MLex Summary: Leading Southeast Asian digital platform Grab is acquiring Singapore's third-largest taxi operator, Trans-cab Holdings, subject to regulatory approvals. The deal will add a combined taxi and private-hire-vehicle fleet of more than 2,500 vehicles to Grab's ride-hailing business, and includes Trans-cab’s taxi and car-rental business, maintenance workshop, and fuel-pump operations. The full statement follows: ...

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