Deals
Delivery Hero Investors Said to Push for Sale, Divestments
An employee carries a branded paper bag inside the Delivery Hero AG headquarter offices in Berlin, Germany.
Photographer: Krisztian Bocsi/BloombergDelivery Hero SE is facing pressure from several large shareholders to conduct a strategic review amid increasing consolidation in the food-delivery industry, people with knowledge of the matter said.
Investors including Hong Kong hedge fund Aspex Management, which is Delivery Hero’s second-biggest shareholder with a stake of more than 5%, are pushing management to consider a sale of the company or parts of its business, the people said. The pressure comes amid weak stock performance for Delivery Hero, whose shares have fallen about 50% over the past year and nearly 90% from a 2021 peak.