Announced
Completed
Financials
Sources
Tags
Minority
Friendly
Singapore
financial services
Diversified Financials
Completed
Single Bidder
Acquisition
Private
Private Equity
Cross Border
Synopsis
Hanwha Asset Management, a private equity firm, completed a $300m investment in Grab Financial Group, a provider of financial services. This investment marks the first time that Grab has raised money from outside investors for the unit. The move suggests that the financial arm may go public separately from its parent company, although Grab hasn’t publicly discussed its IPO plans.
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