Delivery Hero Is In Talks to Sell Part of Its Asia Business
The headquarters of Delivery Hero in Berlin, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
Delivery Hero SE confirmed that it’s in talks to sell part of its business in Southeast Asia, where growth has stagnated since Covid-19 lockdowns eased.
The company is in negotiations to sell the Foodpanda brand in Singapore, Malaysia, Philippines, Thailand, Cambodia, Myanmar and Laos, Berlin-based Delivery Hero said in a statement on Wednesday. The negotiations are at an early stage and there’s no certainty that they’ll lead to a deal, it said. The statement was in response to an earlier report from German magazine WirtschaftsWoche.