Japan's MUFG Bank to invest over $700m in ride-hailing giant Grab

Japan's MUFG Bank to invest over $700m in ride-hailing giant Grab

Left to right: Ridzki Kramadibrata, President of Grab Indonesia; Luhut Binsar Pandjaitan, Coordinating Minister for Maritime and Investment Affairs; Bambang Brodjonegoro, Minister of Research & Technology, and Head of National Research and Innovation Agency of Indonesia

Japan’s MUFG Bank will invest up to 80 billion yen ($727 million) in Singapore’s ride-hailing leader Grab, the Nikkei has learned.

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