Indonesia’s Emtek group invests $375 million in Grab’s Indonesian unit

July 26, 2021

SINGAPORE (Reuters) – Indonesian media conglomerate Elang Mahkota Teknologi (Emtek) is investing $375 million in ride-hailing and payment firm Grab’s Indonesia unit, the companies said in a statement on Monday, in what they described as a “strategic alliance.”

(Reporting by Fanny Potkin; Editing by Ed Davies)

from One America News Network https://ift.tt/3zvu8s4