SINGAPORE (Reuters) - Grab, Southeast Asia's biggest ride hailing-to-food delivery group's first-quarter adjusted net sales rose 39% to a record $507 million and the Singapore-based firm reduced its losses on the back of a strong performance in its deliveries business.
Grab, which is going public through a record merger worth nearly $40 billion with special-purpose acquisition company Altimeter Growth Corp reiterated that it expects to complete the deal in the fourth quarter.
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