Ride-hailing firm Grab drops Singapore taxi company purchase

By Reuters

Jul 27, 2024 12:09 am

SINGAPORE ― Southeast Asia's biggest ride-hailing and food delivery firm Grab has called off plans to acquire a Singapore taxi company, the city-state's competition watchdog said on Thursday.

The Competition and Consumer Commission of Singapore (CCCS) said it had been told by Grab Holdings Ltd. and Trans-cab Holdings Ltd. 'that they will no longer be proceeding with the proposed acquisition.'

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