Consumer

Delivery Hero Exits Deliveroo Stake With £83 Million Share Sale

A Deliveroo courier collects an order from a restaurant in Soho, London. — A Deliveroo courier collects an order from a restaurant in Soho, London.
Photographer: Hollie Adams/Bloomberg

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By Swetha Gopinath

January 29, 2024 at 5:18 PM UTC

This article is for subscribers only.

Germany’s Delivery Hero SE is exiting its stake in Deliveroo Plc about two and half years after investing in the UK food delivery company.

Delivery Hero is selling a stake worth up to £83 million ($104 million) in an accelerated offering, according to terms seen by Bloomberg News. It will sell 68.2 million Class A Deliveroo shares, the terms showed.