Grab Formally Submits Acquisition Notification to Taiwan Fair Trade Commission (TFTC)

TAIPEI, 30 March 2026 – Grab Holdings Limited (NASDAQ: GRAB) announced that it has formally submitted its notification to the Taiwan Fair Trade Commission (TFTC) regarding its proposed acquisition of foodpanda’s Taiwan business on 27 March 2026.

Grab’s independent governance mechanisms will foster a healthy, competitive and vibrant market in Taiwan, subject to the TFTC’s review and approval  of the proposed acquisition. 

Founder-led organisation

Grab is headquartered in Singapore and publicly listed on the NASDAQ in the United States. It is a founder-led company. Under Grab’s dual-class share structure, Group CEO and Co-founder Anthony Tan maintains the majority of voting rights. As such, all strategic decisions for the company are made independently by Grab’s leadership in Singapore.

Anthony Tan, Group CEO and Co-founder, Grab said, “We believe that a healthy, competitive marketplace is essential for innovation and consumer choice. Our focus in Taiwan will be on providing a high quality service for consumers and creating sustainable economic opportunities for delivery-partners and merchants.”

Globally diversified shareholder base 

Grab’s institutional shareholder base is globally diversified, with over half of its institutional investors based in the United States, followed by Japan, the United Kingdom, and Singapore.

Based on filings and public information (as of Jan 31, 2026), Uber holds around 13% of Grab’s ordinary shares and its voting rights are less than 4%. Uber acquired its stake in Grab as consideration for the sale of its Southeast Asia business to Grab in 2018. Uber is not involved in the day to day management of Grab and the Uber nominee director has recused himself of all board decisions relating to Taiwan.

Other major shareholders of Grab Holdings Limited are SoftBank (Japan/UK) with 9.8% equity interest and 2.6% voting power, and Toyota Motor Corp (Japan) with 5.4% equity interest and 1.4% voting power. There are no known Chinese institutional investors with a shareholding that exceeds 5%.

Grab’s Board of Directors 

Grab’s Board of Directors is composed of international business leaders from Singapore, South Korea, United Kingdom and the United States. It includes five Independent Directors. To ensure independent governance regarding the Taiwan market, Uber’s nominee director is not involved in any discussions related to Taiwan.

The Board consists of Anthony Tan (Singapore), Peter Oey (U.S.), and Independent Directors Laura Franco (U.S.), Daniel Yun (South Korea), Steven Tishman (U.S.), John Rogers (U.K.), and Dara Khosrowshahi (U.S.).