Market Chatter: Grab Seeks Nod for Purchase of Foodpanda Taiwan

MT Newswires06-09

Singapore's Grab's application for approval to acquire Foodpanda's operations in Taiwan is under regulatory review, Central News Agency reported Tuesday citing Grab Group Managing Director of Operations Yee Wee Tang.

If the Fair Trading Commission in Taiwan approves the acquisition, the purchase is expected to be completed in the second half, the report said.

Ride-hailing company Grab has committed to ensuring stable income, stable empowerment, and safe working conditions for delivery workers.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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