Central Acquires ‘Grab Thailand’ with ฿6.2bln, Expanding Ride-Hailing & Delivery Services
Central Group invested 6.2 billion baht to acquire Grab Thailand to provide exclusive ride-hailing and delivery services.
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Central Group has announced that the company has invested 200 million dollars or equivalent to 6.2 billion baht to buy Grab Thailand’s shares, asserting that this deal will not give Central Group majority rights in the vote.
Central Group’s CEO Tos Chirathivat states that this investment is to expand its retail business. The company and Grab will focus on transportation services, food delivery from restaurants and supermarkets, and other logistic services.