ComfortDelGro rises on Uber deal; analysts keep ratings unchanged

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.