Delivery Hero Planning Partial Sale Of Its Asia Business; Singapore Based Grab Is Potential Buyer Of Delivery Hero Asia Business
Portfolio Pulse from Benzinga Newsdesk
Delivery Hero is planning to partially sell its Asia business, with Singapore-based Grab being a potential buyer, according to Wiwo magazine.
September 20, 2023 | 1:36 pm
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POSITIVE IMPACT
Delivery Hero is considering a partial sale of its Asia business, potentially to Grab. This could result in a cash influx and strategic realignment for the company.
The sale of a part of its Asia business could provide Delivery Hero with additional cash, which could be used for other strategic investments or to strengthen its balance sheet. It could also allow the company to focus more on its core markets. The news is highly relevant as it directly involves Delivery Hero and could have significant financial implications.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100