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04/01/2019

Delivery Hero completes sale of its food delivery operations in Germany to Takeaway.com

DGAP-News: Delivery Hero completes sale of its food delivery operations in Germany to Takeaway.com

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

01.04.2019 / 16:07
The issuer is solely responsible for the content of this announcement.


Delivery Hero completes sale of its food delivery operations in Germany to Takeaway.com

Berlin, 1 April 2019 - Today, Delivery Hero S.E. ("Delivery Hero"), one of the leading global online food ordering and delivery marketplaces, has concluded the sale of its German food delivery operations. The businesses comprising Lieferheld, Pizza.de and foodora were sold to Takeaway.com N.V. ("Takeaway.com") in exchange for cash and an equity stake in Takeaway.com, as per the transaction announcement on December 21, 2018.

The total consideration Delivery Hero has received amounts to (i) c. 5.7 million ordinary shares in Takeaway.com, (ii) c. 3.8 million warrants convertible into ordinary shares of Takeaway.com at zero cost and (iii) c. EUR508 million of cash. The total consideration consisting of EUR930 million (subject to customary price adjustments) at time of signing of the transaction, as referred in the transaction announcement on December 21, 2018, amounts to EUR1.15 billion at market values as of 29 March 2019. The total consideration is net of cash, i.e. Delivery Hero keeps the net cash position of its German food delivery operations. Post exercise of the warrants, the share component represents c. 15.5% of the total issued and outstanding share capital of Takeaway.com.

As a result of the transaction, the mandate of Semih Yalcin, employee representative in Delivery Hero's supervisory board will end. His successor will be Christian Graf von Hardenberg, Chief Technology Officer of Delivery Hero.

Investor Relations Enquiries:
Duncan McIntyre
SVP Corporate Finance & Head of Investor Relations
ir@deliveryhero.com
Media Enquiries:
Vincent Pfeifer
Corporate Spokesperson & Senior Manager Corporate Communications
press@deliveryhero.com
 

Disclaimer:
The presentation contains forward looking statements, other estimates, opinions and projections with respect to anticipated future performance of Delivery Hero SE ("Forward-looking Statements"). These Forward-looking Statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "aims", "plans", "predicts", "may", "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These Forward-looking Statements include all matters that are not historical facts. They appear in a number of places throughout this press release and include statements regarding Delivery Hero SE's intentions, beliefs or current expectations concerning, among other things, Delivery Hero SE's prospects, growth, strategies, the industry in which it operates and potential or ongoing acquisitions. By their nature, Forward-looking Statements involve significant risks and uncertainties, because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking Statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Similarly, past performance should not be taken as an indication of future results, and nor representation or warranty, express or implied, is made regarding future performance. The development of Delivery Hero SE's prospects, growth, strategies, the industry in which it operates, and the effect of acquisitions on Delivery Hero SE may differ materially from those made in or suggested by the Forward-looking Statements contained in this presentation or past performance. In addition, even if the development of Delivery Hero SE's prospects, growth, strategies and the industry in which it operates are consistent with the Forward-looking Statements contained in this presentation or past performance, those developments may not be indicative of Delivery Hero SE's results, liquidity or financial position or of results or developments in subsequent periods not covered by this presentation. Any Forward-Looking Statements only speak as at the date of this press release is provided to the recipient and it is up to the recipient to make its own assessment of the validity of any Forward-looking Statements and assumptions. No liability whatsoever is accepted by Delivery Hero SE in respect of the achievement of such Forward-looking Statements and assumptions.




Contact:
Vincent Pfeifer
Corporate Communications & Spokesman


01.04.2019 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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