Grab Holdings CEO Says On Course To Hit Group Adj EBITDA Breakeven, 'With Or Without This Exercise'
Portfolio Pulse from Happy Mohamed
Grab Holdings CEO announced that the company is on track to achieve group adjusted EBITDA breakeven, regardless of any ongoing exercises. This statement comes amid the company's ongoing SPAC merger with Altimeter Growth Corp (AGC).
June 20, 2023 | 1:19 pm
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POSITIVE IMPACT
Grab Holdings' announcement of being on track for group adjusted EBITDA breakeven may positively impact Altimeter Growth Corp (AGC) as they proceed with their SPAC merger.
Grab Holdings' announcement of being on track for group adjusted EBITDA breakeven is a positive sign for the company's financial health. This news may positively impact Altimeter Growth Corp (AGC) as they are currently in the process of a SPAC merger with Grab. Investors may see this as a positive development for the combined entity, potentially leading to an increase in AGC's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80