BANGKOK, Jan 31 (Reuters) - Thailand’s Central Group, the country’s largest retailer, confirmed on Thursday in a statement that it will invest $200 million in a local entity of Singapore-based ride-hailing application Grab.
Central Group said it will “acquire a significant non-controlling stake” in the Thai entity.
The statement confirmed a Reuters report on Wednesday.
Reuters first reported in September that the two companies were in talks over the sale. (Reporting by Chayut Setboonsarng; writing by Patpicha Tanakasempipat; editing by Richard Pullin)
