Delivery Hero Shares Cap Best Week Ever as Breakup Odds Rise

Signs that Delivery Hero SE may be preparing to sell more assets have powered the beaten-down stock to the best week since its 2017 listing.

Shares in the German food-delivery company surged 48%, reaching their highest levels since September, as co-founder Niklas Östberg said he would step down as chief executive officer within a year and the firm’s biggest investor sold a stake to an activist hedge fund. A report that Delivery Hero may sell its Korean arm fueled the disposal chatter.