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ComfortDelGro to buy out 49% stake in Australian venture for A$186m

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COMFORTDELGRO Corp revealed before Wednesday trading hours an agreement to buy out the 49 per cent stake it does not own in its Australian venture, ComfortDelGro Cabcharge Pty Ltd (CDC), for A$186 million (S$194.7 million).

Singapore

COMFORTDELGRO Corp revealed before Wednesday trading hours an agreement to buy out the 49 per cent stake it does not own in its Australian venture, ComfortDelGro Cabcharge Pty Ltd (CDC), for A$186 million (S$194.7 million).

The acquisition of the shares from Cabcharge is

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