ComfortDelGro to acquire rest of taxi network operator A2B Australia

Comfort DelGro has agreed to acquire all the shares in A2B Australia it does not already own via a scheme of arrangement for A$1.45 in cash per share, it announced on Dec 22.

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Australian taxi network operator A2B is also a provider of technology and payment solutions for the personal transport industry. It is listed on the Australian Securities Exchange, and its offerings range from taxi service brands 13cabs and Silver Service to its Cabcharge digital payment solution.

Comfort DelGro and its Australian subsidiary Swan Taxis currently hold about 9.3 percent of A2B.

At A$1.45 apiece, the consideration for Comfort DelGro to acquire the remaining shares in A2B stands at A$165.1 million (S$148.6 million).