SINGAPORE -- Singapore's Grab is buying the city-state's third-largest taxi company, Trans-cab, in its first acquisition of a local operator, pushing to overcome a shortage of drivers at a time when passenger demand is accelerating after the COVID pandemic.
Transportation
Singapore's Grab to buy third-largest local taxi firm Trans-cab
Deal includes fleet of 2,500 vehicles, but price not disclosed
Grab expects its purchase of Singapore taxi operator Trans-cab to close in the October-December quarter. (Source photos by AP and Reuters)
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