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DBS Bank
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Can Atome turn Grab’s loss-making financial services arm into a $500m EBITDA business?
Grab is acquiring 60% of Atome Financial for $1.49 billion in cash, adding a $1 billion loan portfolio and 25 million cumulative users. The deal accelerates consumer lending across Southeast Asia, but it also commits more capital to credit risk while Grab’s Financial Services segment is still moving toward profitability.
Adani Total Gas locks in $375m global deal to power gas revolution in India
Adani Total Gas Limited (ATGL) has made headlines by securing the largest global financing in the city gas…