UPDATE 1-Comfort , Delgro in transport merger

Newswire

(Adds details, background) SINGAPORE, Nov 21 (Reuters) - Singapore transport companies Comfort Group Ltd and Delgro Corp Ltd said on Thursday they will merge to boost profits, shareholder value and strengthen overseas operations. The merger, which would create the city state's largest land transport group with a market value of around S$1.2 billion ($682 million), comes after rail operator SMRT Corp's takeover of bus and taxi firm TIBS Holdings in July last year. Dominant taxi operator ...

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