SMRT plans to make a whopping S$1.64 billion bid for London's minicab operator Addison Lee


Sky News, 11 Oct 2014
One of Singapore's largest transport groups is examining an £800m takeover bid for Addison Lee, London's biggest minicab operator.
Sky News has learnt that SMRT Corporation, which is listed on the Asian city state's stock exchange, is at the early stages of considering an offer.
Addison Lee's owner, the private equity group Carlyle, has kicked off an auction of the company for which it paid £300m just 18 months ago.
News of SMRT's interest in Addison Lee comes just a month after it announced a joint venture agreement with Hailo, the London-based taxi mobile application developer. Full story

Related:
Singapore's SMRT Steers £800m Addison Lee Bid - Yahoo!
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