ComfortDelGro in talks with Uber over potential alliance

A pedestrian uses the Uber app in the financial district of Singapore. (PHOTO: AFP)

ComfortDelGro, Singapore’s largest taxi operator, is in discussions with ride-hailing app developer Uber Technologies to form a potential “strategic alliance”.

This may include collaboration in the management of fleet vehicles and booking software solutions in Singapore, and could see ComfotDelGro’s taxis being made available on the Uber app.

The potential alliance could “strengthen (ComfortDelGro’s) position as a major mobility service provider in Singapore”, said the company in an announcement on Tuesday (22 August).

The statement added that there is no certainty that the talks will result in any definitive agreement while also advising the company’s shareholders to exercise caution in dealing with its shares.

“Shareholders should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers if they have any doubt about the actions that they should take,” said ComfortDelGro, adding that its directors and controlling shareholders do not have an interest in the possible tie-up.

The company said it would make an announcement should there be any material developments in relation to the matter.

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