DGAP-News | 08 Aug, 2017 10:23 AM
DGAP-News: Delivery Hero AG / Key word(s): Disposal
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."
|Company:||Delivery Hero AG|
|Oranienburger Straße 70|
|Phone:||+49 (0)30 5444 59 000|
|Fax:||+49 (0)30 5444 59 024|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|