Grab to acquire a 51% stake in OVO.

Synopsis

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.

Principals

target

Ovo Payments

bidder

Grab Holdings

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Market Context

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Seller Team (1)

jason thompson

OVO PAYMENTS

Manager

target

Deal

n/a

Total Value

Bidder Team (3)

anthony tan

CEO at GRAB HOLDINGS

Manager

bidder

Deals

£ 30.17 B

Total Value

peter oey

CFO at GRAB HOLDINGS

Manager

bidder

Deals

£ 28.84 B

Total Value

john a. cordova

General Counsel at GRAB HOLDINGS

Manager

bidder

Deal

n/a

Total Value

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