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Swvl Acquires ViaPool in Follow-Up to Queen’s Gambit SPAC Tie-Up

  • ViaPool’s corporate clients include Unilever and Bayer
  • Swvl struck a deal to go public via merger with Queen’s Gambit

Swvl Inc., a Dubai-based ride sharing startup, is buying a controlling stake in Latin American mass transit company ViaPool, according to a statement provided to Bloomberg News. 

While terms of the deal weren’t disclosed, the transaction values ViaPool at about $10 million, according to a person familiar with the matter who asked not to be identified because it was private.