UAE’s Swvl expands into Latin America by acquiring Argentina’s Viapool
- Date: 18-Nov-2021
- Source: Wamda
- Sector:Financial Markets
- Country:UAE
UAE’s Swvl expands into Latin America by acquiring Argentina’s Viapool
Source: The National
Swvl, the Dubai-based mass transit and shared mobility services provider, acquired a controlling interest in Argentina's Viapool in a deal expected to help its expansion within Latin America.
The acquisition will grant the Dubai company access to Argentina and Chile markets and will serve as an entry point to Brazil and Mexico. However, the terms of the deal, expected to take place in 2022, were not disclosed.
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