Delivery Hero SE

M&A Activity • Aug 8, 2017

News Details

Corporate | 8 August 2017 10:23

Delivery Hero has sold its operations in Georgia

DGAP-News: Delivery Hero AG / Key word(s): Disposal

08.08.2017 / 10:23

The issuer is solely responsible for the content of this announcement.

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Berlin, 8 August 2017 – Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, announced today that it has sold its operations in Georgia to Menu Group (UK) Limited.

Delivery Hero continues to focus on markets with clear leadership positions and the announcement today follows the recent sale of operations in Kazakhstan to Chocofamily Holding (KZ) LLC on 30 April 2017.

The transaction prices were not disclosed.

Both Eastern European markets were operated under the foodpanda brand that Delivery Hero acquired in December 2016.

Niklas Östberg, CEO of Delivery Hero commented: “ The teams have done a tremendous job in these countries but our focus is on markets where we achieve a clear leadership and strong market position. Our divestment activities allow us to focus our efforts and resources on the rest of the group where we continue to have significant growth opportunities.”

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About Delivery Hero

Delivery Hero is the leading global online food ordering and delivery marketplace with number one market positions in terms of restaurants, active users and orders in more countries than any of its competitors and online and mobile platforms across 40+ countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific region. Delivery Hero also operates its own delivery service primarily in 60+ high-density urban areas around the world. The Company is headquartered in Berlin and has over 6,000 employees in addition to thousands of employed delivery drivers.

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08.08.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

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Language:	English
Company:	Delivery Hero AG
	Oranienburger Straße 70
	10117 Berlin
	Germany
Phone:	+49 (0)30 5444 59 000
Fax:	+49 (0)30 5444 59 024
E-mail:	info@deliveryhero.com
Internet:	www.deliveryhero.com
ISIN:	DE000A2E4K43
WKN:	A2E4K4
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

End of News	DGAP News Service