Grab (GRAB) to acquire foodpanda Taiwan delivery business in $600M cash deal

Rhea-AI Filing Summary

Grab Holdings Limited has agreed to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $600 million in cash on a cash-free, debt-free basis, subject to customary closing adjustments. The deal requires regulatory approvals and other customary conditions and is expected to close in the second half of 2026.

The report also notes that this information is incorporated by reference into Grab’s existing Form F-3 shelf registration statements, allowing it to be used in connection with future securities offerings.

Insights

Cross-border M&A and capital markets analyst

Grab plans a $600M cash acquisition of foodpanda Taiwan, expanding its delivery footprint if approvals are obtained.

Grab intends to acquire foodpanda’s Taiwan delivery business from Delivery Hero for $600 million in cash, on a cash-free, debt-free basis and with customary closing adjustments. This targets a larger presence in Taiwan’s food delivery market, contingent on closing.

The transaction is subject to regulatory approvals and other customary conditions, with completion expected in the second half of 2026. The extensive forward-looking statement language highlights risks around approvals, potential disruption to operations, integration challenges, employee retention, and unexpected costs, meaning actual outcomes may differ materially from current expectations.

The information is also incorporated by reference into Grab’s Form F-3 registration statements, meaning future securities offerings under those shelves will reference this deal. Subsequent company filings and regulatory decisions around the expected second-half 2026 closing will clarify whether the acquisition proceeds and how integration progresses.

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of March 2026

Commission File Number: 001-41110

GRAB HOLDINGS LIMITED

3 Media Close, #01-03/06
Singapore 138498
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐

Incorporation by Reference

This Report on Form 6-K, including all exhibits hereto, shall be deemed to be incorporated by reference into the registration statements on Form F-3 (Registration Nos. 333-261949 and 333-264872) of Grab Holdings Limited (including any prospectuses forming a part of such registration statements) and to be a part thereof from the date on which this report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

EXHIBIT INDEX

Exhibit			Description of Exhibit
99.1			Grab to Acquire Delivery Hero’s foodpanda Delivery Business in Taiwan

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

GRAB HOLDINGS LIMITED

By:

__/s/ Peter Oey________________

Date: March 23, 2026

Name: Peter Oey

Title: Director and Chief Financial Officer

Exhibit 99.1

Grab to Acquire Delivery Hero’s foodpanda Delivery Business in Taiwan

Grab Holdings Limited (“Grab”) and Delivery Hero SE (FSE: DHER) (“Delivery Hero”) have reached an agreement for Grab to acquire Delivery Hero’s foodpanda delivery business in Taiwan in cash for $600 million, on a cash-free and debt-free basis, subject to customary closing adjustments. Closing of the acquisition is subject to regulatory approvals and customary closing conditions, and is expected to take place in the second half of 2026.

Forward-Looking Statements

This document contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this document, including, but not limited to, statements about Grab’s goals, targets, projections, outlooks, beliefs, expectations, strategy, plans, objectives of management for future operations of Grab, growth opportunities and for the proposed transaction, including statements regarding the benefits of the transaction, the anticipated timing of the transaction and the expected future products and services of Grab in Taiwan after completing this transaction, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “opportunity,” “annualized run rate” or other similar expressions. Forward-looking statements are based upon estimates and forecasts and reflect the views, assumptions, expectations, and opinions of Grab, which involve inherent risks and uncertainties, and therefore should not be relied upon as being necessarily indicative of future results. A number of factors, including macro-economic, industry, business, regulatory and other risks, could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect foodpanda Taiwan’s business or Grab’s financial guidances, (ii) the failure to satisfy the conditions to the consummation of the transaction, including the receipt of certain governmental and regulatory approvals and other risks related to the uncertainties inherent in the transfer of ownership of a business, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreements, (iv) the effect of the announcement or pendency of the transaction on foodpanda Taiwan’s business relationships, operating results, and business generally, (v) risks that the proposed transaction disrupts current plans and operations of foodpanda Taiwan or Grab and potential difficulties in foodpanda Taiwan’s employee retention as a result of the transaction, (vi) risks that the transaction may divert management’s attention from foodpanda Taiwan’s ongoing business operations, (vii) the outcome of any legal proceedings that may be instituted against Grab or against foodpanda Taiwan related to the transaction agreements or the transaction, (viii) if the acquisition of foodpanda Taiwan were to proceed and be completed, the ability of Grab to successfully integrate foodpanda Taiwan’s operations, product lines, and technology, to maintain or grow its customer base, and to realize the expected operational and financial benefits from the transaction , (ix) the ability of Grab to implement its plans, forecasts, and other expectations with respect to foodpanda Taiwan’s business after the completion of the proposed transaction (if it were to proceed) and realize additional opportunities for growth and innovation, and (x) unexpected incentives, promotions, costs, charges, expenses resulting from the acquisition (if it were to proceed). In addition to the foregoing factors, you should also carefully consider the other risks and uncertainties described under “Item 3. Key Information – D. Risk Factors” and in other sections of Grab’s annual report on Form 20-F for the year ended December 31, 2025, as well as in other documents filed by Grab from time to time with the U.S. Securities and Exchange Commission (the “SEC”).

Forward-looking statements speak only as of the date they are made. Grab does not undertake any obligation to update any forward-looking statement, whether as a result of new information, future developments, or otherwise, except as required under applicable law.

FAQ

What acquisition did Grab Holdings (GRAB) announce regarding foodpanda Taiwan?

Grab agreed to acquire Delivery Hero’s foodpanda delivery business in Taiwan for $600 million in cash. The deal is on a cash-free, debt-free basis with customary closing adjustments and would expand Grab’s delivery presence in Taiwan if it is completed.

How much is Grab (GRAB) paying for foodpanda’s Taiwan delivery business?

Grab plans to pay $600 million in cash for foodpanda’s Taiwan delivery business. The consideration is structured on a cash-free, debt-free basis and remains subject to customary closing adjustments, which may slightly change the final amount at completion.

When is Grab’s acquisition of foodpanda Taiwan expected to close?

The acquisition is expected to close in the second half of 2026. Completion depends on receiving required regulatory approvals and satisfying other customary closing conditions, so the exact timing within that period may vary based on approval processes.

What conditions could affect the completion of Grab’s foodpanda Taiwan acquisition?

The deal depends on regulatory approvals and customary closing conditions being satisfied. Risks cited include potential delays or failure to obtain approvals, possible termination events, operational disruption at foodpanda Taiwan or Grab, integration challenges, and unexpected costs or legal proceedings related to the transaction.

How will this acquisition disclosure be used in Grab (GRAB)’s securities offerings?

The report is incorporated by reference into Grab’s existing Form F-3 registration statements. This means future securities offerings under those shelves can rely on this disclosure about the foodpanda Taiwan acquisition as part of the offering documents provided to investors.

What key risks did Grab highlight about the foodpanda Taiwan transaction?

Grab highlighted risks around timing, regulatory approvals, business disruption, integration, and unexpected costs. It noted that the transaction may not close, could affect financial guidance, and might face legal proceedings, with actual results potentially differing materially from current forward-looking statements.

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