Delivery Hero, a German company specializing in food delivery services, has confirmed plans to sell part of its business in Asia. The value of the deal is still under negotiation. Wirtschaftswoche, a German media outlet, has identified Grab as a potential buyer for this venture, as Grab had previously acquired Foodpanda in Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines, and Thailand for an estimated value of €1 billion or approximately ฿38.6 billion. However, representatives from Grab have not yet commented on this information.
It should be noted that the specific territories where Foodpanda operates, but were not included in this sale, are Taiwan, Hong Kong, Pakistan, and Bangladesh.
Source: Reuters
Disclosure: LINE MAN Wongnai is the parent company of Blognone.
TLDR: Delivery Hero, a German food delivery company, is in talks to sell part of its business in Asia. Grab, who previously acquired Foodpanda in several countries for around €1 billion, is a potential buyer. However, Grab has not confirmed this information. Foodpanda’s operations in Taiwan, Hong Kong, Pakistan, and Bangladesh are not included in the sale. The source of this news is Reuters, and this disclosure comes from LINE MAN Wongnai, the parent company of Blognone.
Leave a Comment