Grab to Consolidate Superbank After Increasing Stake in Indonesia
Grab Holdings Ltd. (NASDAQ:GRAB) is consolidating its stake in PT Super Bank Indonesia Tbk (“Superbank”) to over 50%, a move that integrates the lender into its regional financial services segment. This expansion, formalized following the transfer of Singtel’s stake to GXS Bank, positions Grab to leverage its existing mobility and delivery ecosystem to capture a … Read more