Grab is rumoured to be looking to acquire a stake in Ambank, a traditional bank.
To recap, Grab together with Singtel and Kuok Brothers are amongst the 5 consortiums that were awarded the digital banking license earlier by BNM.
How much would it cost Grab? π
To recap, Grab together with Singtel and Kuok Brothers are amongst the 5 consortiums that were awarded the digital banking license earlier by BNM.
How much would it cost Grab? π
The sellers r likely to be Ambankβs 2 largest shareholders - Australia and New Zealand Banking Group Ltd (ANZ) (21.68% stake) and Azman Hashim (11.83% stake).
Ambankβs market cap currently stands at RM11.7 bil β acquiring both stakes of 33.51% will cost at least RM3.92 bil.
Ambankβs market cap currently stands at RM11.7 bil β acquiring both stakes of 33.51% will cost at least RM3.92 bil.
Late last year, Grab acquired premium retailer Jaya Grocer in a deal said to be worth up to RM1.5 bil.
What non-related biz Grab will acquire next to expand its super app empire?
What non-related biz Grab will acquire next to expand its super app empire?
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