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HOCK LOCK SIEW

Grab’s search for inorganic growth may be curtailed by anti-competition concerns

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Claudia Chong

Claudia Chong

Published Tue, Oct 31, 2023 · 05:00 AM
    • Grab's potential acquisition of Trans-cab and foodpanda has sparked concerns about regulatory action.
    • Grab's potential acquisition of Trans-cab and foodpanda has sparked concerns about regulatory action. PHOTO: BT FILE

    WITH changing consumer preferences and the highest inflation rates in four decades, the current operating environment has not been kind to transport and food delivery company Grab.

    The Nasdaq-listed group needs some quick wins soon, and it appears inorganic growth has become the answer to some operating challenges that have been plaguing it since the pandemic.

    Grab may have two deals in the works. On Jul 20, it announced it was acquiring privately-owned Trans-cab, Singapore’s third-largest taxi company. The Straits Times, citing sources, has put the deal at around S$100 million.

    Hock Lock SiewGrabtrans-cabfoodpandaCCCSM&A

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