Photo by Sandy Galabada via Unsplash

ComfortDelGro receives shareholders approval for acquisition of A2B Australia

97.73% of eligible A2B shareholders voted in favour of the scheme resolution. 

ComfortDelGro received a greenlight from its shareholder for plans of acquiring of A2B Australia Limited. 

In a statement, the company said 97.73% of eligible A2B shareholders voted in favour of the scheme resolution. 

A2B, a leading Australian taxi network, and technology and payment solutions provider, will join ComfortDelGro's expansive global taxi business, which currently operates 21,300 vehicles across Singapore, China, Australia, and the United Kingdom.

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“A2B is an excellent strategic fit that will allow us to grow our point-to-point offering and deepen our presence in the Australian market as a multi-modal mobility operator,” said ComfortDelGro Managing Director and Group CEO Cheng Siak Kian.

The transaction is expected to conclude in April pending NSW Supreme Court approval on 28 March.

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