Grab Lowers Full-Year Forecasts, says $40B SPAC Deal on Track: Report

Altimeter Acquisition

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, Reuters reports.

Singapore-based Grab also said that it was making progress on its record merger deal Altimeter Growth. And it reiterated that the deal, worth nearly $40 billion, is expected to be completed in the fourth quarter.  Read more.

Related Posts