Grab’s share price set to rise if it buys Foodpanda

Consolidation effort: Grab Holdings Ltd’s headquarters in Singapore. Analysts say the takeover of Foodpanda would help Grab reach operational profitability sooner. — Bloomberg

SINGAPORE: Grab Holdings’ potential acquisition of rival Foodpanda in South-East Asia could lead to it gaining a larger share of the regional online food delivery market and help it grow revenue at a time when the company is under pressure to turn a profit.

Analysts also said the move, if it goes through, could give Grab’s share price a needed boost.