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Grab Holdings shares are trading lower. The company announced definitive agreement to acquire a controlling 60% equity interest in Atome Financial in cash for $1.49 billion.

BenzingaBenzinga Newsdesk

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  1. Zacks Investment ResearchZacks.Com

    Grab to Gain From Majority Stake Buyout in Atome Financial: Here's How

    Grab Holdings has agreed to acquire a 60% stake in Atome Financial for $1.49 billion, with completion expected by Q3 2027. The deal will merge Atome's consumer lending business (BNPL, cash loans, digital lending) with Grab's Financial Services segment, providing access to 25 million users across five Southeast Asian markets. The combined entity is projected to achieve over $6 billion in gross loan portfolio and $500 million in adjusted EBITDA by 2028. Grab also has an option to purchase the remaining 40% stake approximately two years after Phase 1 closing.