SMRT not bidding for UK taxi operator

Singapore

THE details may be sketchy and the background information not available but if there is one thing observers believe SMRT Corp should not do is bite off more than it can chew.

Singapore's main rail operator on Monday issued a statement saying it has decided "not to make a bid at this stage to acquire Addison Lee", a UK transport operator.

SMRT was referring to a Channel NewsAsia story on Saturday which said it was considering a S$1.6 billion bid for Addison Lee, which operates some 4,000 vehicles for mostly minicab…