UPDATE 1-Grab to take majority stake in Indonesia e-wallet OVO - NewsBreak

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By Hardik in Business
Updated 2 years ago

SINGAPORE, Oct 4 (Reuters) - Southeast Asian ride-hailing and payments firm Grab will more than double its stake in Indonesian e-wallet OVO to 90%, the Indonesian firm said on Monday, pending approval from regulators. Three sources with knowledge of the deal told Reuters that Grab had purchased the stakes of...

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