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Published Mon, Dec 11, 2017 · 09:50 PM
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ComfortDelGro | Hold Dec 11 close: S$2.03 Target price: S$2.18 DBS Group Research, Dec 11
ComfortDelGro is forming a joint venture with Uber Technologies Inc through the acquisition of a 51 per cent stake in Lion City Holdings Pte Ltd (LCH). LCH in turn operates Lion City Rentals (LCR) which has a fleet of about 14,000 vehicles.
The aggregate cash consideration for the acquisition is estimated at S$295 million, which is based on the net asset va…
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