ComfortDelGro to pay $38.8 million for Swan Taxis

By David Olsen · 16 July 2010 · Cashflow

Taxi Giant Makes Shocking Bid

ComfortDelGro Corporation is making a bold move in the Australian market, but what does this mean for its investors? The stakes are high as it offers a massive $38.8 million for Swan Taxis Limited.

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Summary

Singapore based ComfortDelGro Corporation has made a $38.8 million (S$46.8 million) takeover bid for Perth’s largest taxi company Swan Taxis Limited.

Tags: ComfortDelGro, Kevin Foley, Kua Hong Pak, Singapore, Swan Taxis, Western Australia