Grab calls off proposed acquisition of Singapore taxi operator Trans-cab

Grab calls off proposed acquisition of Singapore taxi operator Trans-cab

FILE PHOTO: A man walks past a Grab office in Singapore March 26, 2018. REUTERS/Edgar Su

Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, has called off its proposed acquisition of Singapore’s third-largest taxi operator, Trans-cab, according to a statement from Singapore’s competition watchdog.