Grab has clarified that although the Uber app continues to operate, it has limited functionality and little or no support
Datamatics will acquire the remaining 25 per cent shares in 2019 and 2020 based on the financial performance of RJ Globus.
The Philippine business of Uber was supposed to shut down on April 8.
Grab Philippines said the company will cooperate with the review conducted by the Competition Commission.
PCC said it has begun a review on the acquisition by Grab Holdings Inc of the assets of Uber.
AboitizPower has launched AboitizPower Distributed Energy (APX) that will focus on the rooftop solar sector.
Malaysia's Competition Commission would keep tabs on Grab, especially if the company imposed unfair practices or sudden fare increases.
The total consideration for the two acquisitions is about $3.4 million.
The three local ride-sharing companies are already in the process of complying with the necessary accreditation.
Robinsons Retail is owned by the Gokongweis, the Philippines’ second richest family. It operates over 3,500 retail formats, including supermarkets,
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.