Delivery Hero's Negotiations to Sell foodpanda in Southeast Asia Have Ended

Delivery Hero SE, a company listed on the Frankfurt Stock Exchange, announced the conclusion of negotiations aimed at selling its foodpanda operation in certain markets in Southeast Asia. These discussions, initially confirmed on September 20, 2023, involved the markets of Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar, and Laos. The proposed transaction did not materialize as the parties failed to reach an agreement on the terms of the deal. This halt comes despite a confirmation on February 2, 2024, that negotiations were still ongoing.

Delivery Hero SE, known for its delivery services, regularly explores various strategic options for its operations, including potential sales of its subsidiaries or divisions, as part of its overall strategy. This decision underscores the complexity and challenges inherent in reaching agreements in the dynamic food delivery sector. At this time, the company has not provided additional details on future directions or strategic discussions.