Announced
Financials
Sources
Tags
Rental Services: Consumer
Private
Single Bidder
Minority
car rental
Indonesia
Acquisition
Pending
Friendly
Cross Border
Synopsis
Carro, a Southeast Asian online used-car marketplace, agreed to acquire a 50% stake in MPM Rent, a car rental firm in Indonesia, for $54m. “We remain steadfast and committed to investing and advancing our business in Indonesia despite the uncertain global macro environment,” Aaron Tan, Carro CEO.
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