Grab To Acquire Controlling 60% Stake In Atome Financial For $1.49B In Cash; Raises FY28 Adjusted EBITDA Target To $1.7B And 2025-28 Group Sales CAGR To 30%+
●Proposed transaction covers five markets and accelerates Grab's growth and penetration into consumer lending, while unlocking new distribution channels for Atome Financial and cross-sell opportunities for both
Grab is buying most of a lending company called Atome Financial for 1.49 billion dollars. This deal helps Grab lend money to more people and make more sales in the coming years.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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