SUBSCRIBERS
ComfortDelGro rises on Uber deal; analysts keep ratings unchanged
Published Mon, Dec 11, 2017 · 09:50 PM
Singapore
THE decision to take a majority 51 per cent stake in Uber's car rental business Lion City Holdings has helped boost land transport giant ComfortDelGro's stock, which ended active trading on Monday at S$2.03, up S$0.12 or 6.28 per cent.
The long-awaited deal consists of a cash consideration of S$295 million, based on net asset value of about S$642 million.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules
Nomura, Mizuho face losses on All Blue fund’s failed trades
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama