Indonesia GoTo says no decision on potential transaction with Grab
Reuters
Nov 10
Indonesia GoTo says no decision on potential transaction with Grab
JAKARTA, Nov 10 (Reuters) - There has been no decision made on a potential transaction between major ride-hailing firms in Indonesia, GoTo and Grab, GoTo official R. A Koesoemohadiani said on Monday, amid merger or acquisition talks.
Indonesia is discussing a possible merger or acquisition between Grab (GRAB.O) and its rival GoTo (GOTO.JK), the presidential spokesperson said last week.
(Reporting by Stanley Widianto; Editing by Toby Chopra)
((Widianto.Stanley@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.