Glovo CEO Says Won’t Sell to Delivery Hero, Works Toward IPO
Spanish food-delivery startup’s valuation passed the 1 billion-euro mark in 2019
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Glovo, the Spanish food-delivery company, isn’t interested in combining with its acquisitive shareholder Delivery Hero SE and plans to work toward a public listing, Chief Executive Officer Oscar Pierre said.
Delivery Hero’s CEO Niklas Ostberg said in July that he holds regular discussions with other food delivery companies, including Glovo, about potential deals. In December, the German company agreed to buy Glovo’s Latin American business and earlier this month, it said it had plans to raise as much as 1.3 billion euros ($1.6 billion) from a share sale.