SubsidiaryMay 20, 2026, 06:08 AM
Grab to Consolidate Superbank, Deepening Indonesia Financial Services
AI Summary
Grab Holdings Limited announced its plan to consolidate PT Super Bank Indonesia Tbk (Superbank) following the transfer of Singtel Alpha Investments' shareholding in Superbank to GXS Bank, Grab's digital banking subsidiary. This strategic move will increase Grab's combined direct and indirect shareholding in Superbank to over 50%, with completion expected in May 2026. Consequently, Superbank's financial results will be consolidated into Grab's Financial Services segment, deepening Grab's commitment to financial services in Indonesia.
Key Highlights
- Grab to consolidate PT Super Bank Indonesia Tbk (Superbank) in Indonesia.
- Singtel Alpha Investments to transfer its Superbank shareholding to GXS Bank.
- GXS Bank is Grab's digital banking subsidiary and joint venture with Singtel.
- Grab's combined direct and indirect shareholding in Superbank will exceed 50%.
- Superbank's financial results will be consolidated into Grab's Financial Services segment.
- The share transfer and consolidation are expected to complete in May 2026.
Price Impact
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