Foodpanda owner Delivery Hero confirms talks on partial sale of Asian business

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. The group has said that it reached an adjusted profit before interest, tax, depreciation and amortisation in the first six months of the year, although it did not quantify it, after a loss of 323 million euros in the same period a year earlier.

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Delivery Hero, owner of foodpanda, confirms talks on partial sale of Asian businessBERLIN: Delivery Hero confirmed talks on a partial sale of its Asia business on Wednesday (Sep 20), adding that the deal's value is still under negotiation. The Wirtschaftswoche business magazine first reported the news earlier in the day, saying Singapore's Grab could pay a little more than 1 billion euro
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Delivery Hero, owner of foodpanda, confirms talks on partial sale of Asia businessBERLIN: Delivery Hero confirmed talks on a partial sale of its Asia business on Wednesday (Sep 20), adding that the deal's value is still under negotiation. The Wirtschaftswoche business magazine first reported the news earlier in the day, saying Singapore's Grab could pay a little more than €1 billion (
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