Glovo to Buy Spanish, Portuguese Grocery Delivery Companies
A courier for the delivery service Glovo in Barcelona, Spain.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Glovo has agreed to buy two grocery delivery companies following a 450 million-euro ($531 million) fundraising round earlier this year.
The company has struck a deal to acquire Lola Market, expanding its service in Spain, and Portugal-focused Mercadao, Glovo said in a statement on Tuesday. The Barcelona-based company didn’t disclose the value of either transaction.