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Delivery Hero completes the sale of Delivery Hero Korea LLC

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DGAP-News: Delivery Hero SE / Key word(s): Disposal/Mergers & Acquisitions
29.10.2021 / 09:00
The issuer is solely responsible for the content of this announcement.

Berlin, 29 October 2021 - Delivery Hero SE ("Delivery Hero"), the world's leading local delivery platform, has completed the sale of Delivery Hero Korea LLC ("Yogiyo") to Affinity Equity Partners, GS Retail Co, Ltd., and funds advised by Permira. The three-party consortium has acquired 100% of the entity for an enterprise value of KRW 800 billion.

Following the conditional regulatory approval by the Korea Fair Trade Commission ("KFTC") for its strategic partnership with Woowa Brothers Corp., Delivery Hero was required to divest 100% of Delivery Hero Korea LLC by 2 January 2022. Delivery Hero has now fulfilled the KFTC's requirement by closing the transaction within the permitted time frame.

ABOUT DELIVERY HERO
Delivery Hero is the world's leading local delivery platform, operating its service in around 50 countries across Asia, Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often in 10 to 15 minutes. Headquartered in Berlin, Germany, Delivery Hero is listed on the Frankfurt stock exchange since 2017, and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please visit www.deliveryhero.com

MEDIA CONTACT
Kingsum Li
Corporate & Financial Communications
+49 151 112 086 22
press@deliveryhero.com

INVESTOR RELATIONS CONTACT
Christoph Bast
Head of Investor Relations
+49 160 30 13 435
ir@deliveryhero.com

DISCLAIMER
This release may contain forward looking statements, 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," "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. Forward-looking statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. 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. Any forward-looking statements included herein only speak as at the date of this release. We undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.


29.10.2021 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.
Archive at www.dgap.de

Language:

English

Company:

Delivery Hero SE

Oranienburger Straße 70

10117 Berlin

Germany

Phone:

+49 (0)30 5444 59 105

Fax:

+49 (0)30 5444 59 024

E-mail:

ir@deliveryhero.com

Internet:

www.deliveryhero.com

ISIN:

DE000A2E4K43

WKN:

A2E4K4

Indices:

DAX

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, OTC QB, OTC QX, SIX, Vienna Stock Exchange

EQS News ID:

1244637


 

End of News

DGAP News Service

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