Grab completes acquisition of Malaysian supermarket chain Jaya Grocer

Khairani Afifi Noordin
Khairani Afifi Noordin1/31/2022 01:25 PM GMT+08  • 2 min read
Grab completes acquisition of Malaysian supermarket chain Jaya Grocer
The acquisition is EBITDA accretive to its business, said Grab.
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Self-styled “superapp” Grab has completed its acquisition of Malaysia’s supermarket chain Jaya Grocer to enhance its on-demand grocery delivery service.

In a statement, the company also announced the rollout of GrabPay and GrabRewards across all Jaya Grocer physical retail stores to expand the usage of Grab’s cashless wallet.

The Nasdaq-listed company first announced the share purchase agreement to acquire all of Jaya Grocer's ordinary shares and 75% of its preference shares in a filing with the US Securities and Exchange Commission on Dec 13. The financial details of the transaction were not disclosed.

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