ComfortDelGro looks to Europe for next growth spurt, says chairman

Lim Jit Poh, who initiated the merger between Comfort and DelGro 20 years ago, says overseas revenue contribution must exceed Singapore’s, or it will be ‘meaningless’

ComfortDelGro group chairman Lim Jit Poh at the transport giant's headquarters in Braddell Road. ST PHOTO: KUA CHEE SIONG
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SINGAPORE – Home-grown global transport giant ComfortDelGro is eyeing Europe as its next growth area, said Mr Lim Jit Poh, its long-serving and outgoing chairman, in a rare press interview on Monday.

Mr Lim – who has served as ComfortDelGro chairman since its formation and will step down in April – said the group’s “next big leap” would be a foray into Europe, starting with a joint bid with French transport group RATP to run three rail lines in Paris. The winner is expected to be announced in the second half of the year.

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