Delivery Hero, owner of foodpanda, confirms talks on partial sale of Asian business

BERLIN: Delivery Hero confirmed talks on a partial sale of its Asia business on Wednesday , adding that the deal's value is still under negotiation.

The Berlin-based company plans to sell its activities under the foodpanda brand in Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines and Thailand, it said in a statement. Delivery Hero has been focusing on reaching profitability while maintaining growth as investor confidence in the company started to wane after a pandemic-driven boost.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Delivery Hero in talks for partial sale of Foodpanda, with Grab a potential buyer: ReportGerman business magazine said Grab could pay a little more than 1 billion euros (S$1.46 billion) for the unit. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »

Lion City Sailors mean business in second voyage into Asian Champions LeagueWhen the Lion City Sailors chose to include more foreign players in their squad beyond the Singapore Premier League (SPL) quota this season, it became clear that they were serious about their second Asian Champions League (ACL) campaign, which kicks off on Wednesday...
Source: thenewpaper - 🏆 7. / 63 Read more »