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According to the Spaniards, they are "in an unbeatable state of financial health".
A few hours ago, the Spanish media El Confidencial reported that the American firm Lyft was in talks to sign a millionaire agreement with the Spanish company Cabify. From the company deny the facts and say that everything would be a rumor.
According to statements in the local portal, Lyft's action would allow it to enter two difficult markets: Spain and Latin America, although Cabify has just delivered a statement where they categorically deny this badumption.
This is what they mentioned in the conversation with FayerWayer, after rumors about the alleged purchase for 3 billion US dollars:
We categorically denied the rumors about alleged conversations regarding the sale of the company. They did not meet with executives from this company or other companies to negotiate a possible partial or full sale of Cabify.
The company is in an unbeatable state of financial health and sustainable growth, and continues to establish a leading position in the markets in which it operates. As expected, the company remains faithful to the natural roadmap, with the goal of IPO in Spain in the next 12 or 24 months.
Cabify was founded in 2011 in Spain and is present in the cities of Madrid, Barcelona, Malaga, Seville, Valencia. A few months after its creation, it has spread to Latin America and is currently present in Mexico, Panama, the Dominican Republic, Colombia, Ecuador, Peru, Brazil, Chile, Argentina and Portugal. In fact, in countries like Chile, it is the main competition of Uber.
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