The Business Times
The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

Grab weighing spin-off of payments, financial services units: FT

Published Wed, May 8, 2019 · 04:28 AM
Share this article.

[BENGALURU] Singapore-based ride-hailing company Grab is weighing a spin-off of its payments and financial services business, the Financial Times reported on Wednesday, citing executives and investors.

The startup may raise capital for the two businesses separately in order to spin off one or both of them at a later date, the paper said.

The company did not immediately respond to a Reuters request for comment.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Transport & Logistics

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here