Singapore's SMRT in talks to sell taxi business to Grab


Commuters pass Grab transport booking service app advertisements at a train station in Singapore February 10, 2016. REUTERS/Edgar Su/File Photo

SINGAPORE: SMRT Corporation Ltd is in talks to sell its taxi business to private-hire operator Grab.

If successful, the deal will see SMRT, the third largest cab operator with a fleet of 3,400 taxis, exiting the business it has been in for 27 years.

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