Grab trims full-year forecasts, says $40b SPAC merger on track

Grab trims full-year forecasts, says $40b SPAC merger on track

Grab, Southeast Asia’s biggest ride-hailing-to-food delivery group, lowered its full-year forecasts on Tuesday, citing renewed uncertainty over pandemic-related movement restrictions despite encouraging vaccination rates in the region.

Singapore-based Grab also said in a statement that it was making progress on its record merger deal agreed with US special-purpose acquisition company (SPAC) Altimeter Growth Corp earlier this year.

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