Grab to acquire a 51% stake in OVO.

Financials

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Transaction Value-

Consideration TypeCash

Capital Owned39%

Capital Bid For51%

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

target

Ovo Payments

bidder

Grab Holdings

Sources

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Tags

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Single Bidder

Private

Cross Border

Majority

Pending

e-wallet

Indonesia

Payments / Commerce

Friendly

Acquisition

Synopsis

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Grab, a ride-hailing and payments firm, agreed to acquire a 51% stake in OVO, an Indonesian e-wallet firm. Financial terms are not disclosed. “We welcome a greater commitment from Grab in OVO. We’re working in close consultation with the regulators to complete the ownership restructuring process,” OVO.