Pt Goto Gojek Tokopedia TbkIDX: GOTO

Indonesia GoTo says no decision on potential transaction with Grab

· Issued by Pt Goto Gojek Tokopedia Tbk

There has been no decision made on a potential transaction between major ride-hailing firms in Indonesia, GoTo and Grab, GoTo official R. A Koesoemohadiani said on Monday, amid merger or acquisition talks.

Indonesia is discussing a possible merger or acquisition between Grab (GRAB.O) and its rival GoTo (GOTO.JK), the presidential spokesperson said last week.