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Delivery Hero in 2.3 billion cash call to fund Woowa deal

Reuters
The Delivery Hero headquarters is pictured in Berlin

FRANKFURT (Reuters) - Food delivery group Delivery Hero <DHER.DE> raised almost 2.3 billion euros (1.96 billion pounds) over night from the sale of convertible bonds and new shares to help fund its $4 billion takeover of South Korea's food delivery app owner Woowa Brothers.

The German group said on Wednesday it received gross proceeds of 1.75 billion euros from two convertible bonds issues and 571 million euros from a capital increase in which it sold new shares equal to 4.3% of its equity capital.

(Reporting by Christoph Steitz and Ludwig Burger, editing by Emma Thomasson)