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

📆 21/09/2023 06:41:00
📰 ChannelNewsAsia

⏱ Reading Time:
18 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

BERLIN: 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 (

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

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
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »