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06/22/2018

Delivery Hero sells Swiss operations

DGAP-News: Delivery Hero sells Swiss operations

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

22.06.2018 / 08:00
The issuer is solely responsible for the content of this announcement.


Berlin, 22 June 2018 - Delivery Hero Group ("Delivery Hero"), one of the leading global online food ordering and delivery marketplaces, announced today that it has sold its operations in Switzerland under the Foodarena brand to Takeaway.com.

The transaction price was not disclosed.

Duncan McIntyre, SVP Corporate Finance & Head of Investor Relations, Delivery Hero, commented: "We have previously said that we would continue our strategy to consolidate our leadership positions. The sale of Foodarena will allow us to focus our efforts and resources in markets where we have clear leadership positions and longer growth opportunities."


Joerg Gerbig, COO of Takeaway.com, said: "We have seen good traction in the Swiss market, which we believe is currently still highly underpenetrated. The acquisition of the complementary Foodarena business will enhance our market position in Switzerland and is in line with our growth strategy to further expand our market leadership position on the continent."



About Delivery Hero

Delivery Hero is a 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 high-density urban areas around the world. The Company is headquartered in Berlin and has over 14,000 employees.

For more information, please visit www.deliveryhero.com.

WKN: A2E4K4; ISIN: DE000A2E4K43.


Media Enquiries
Bodo v. Braunmühl
Head of Corporate Communications
press@deliveryhero.com



22.06.2018 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.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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