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Delivery Hero SE: Delivery Hero SE confirms receipt of the examiner's report from Korea Fair Trade Commission with respect to joint venture with South Korean Woowa Brothers Corp., proposing divesture of Delivery Hero's Korean subsidiary

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Delivery Hero SE / Key word(s): Joint Venture/Capital Increase
Delivery Hero SE: Delivery Hero SE confirms receipt of the examiner's report from Korea Fair Trade Commission with respect to joint venture with South Korean Woowa Brothers Corp., proposing divesture of Delivery Hero's Korean subsidiary

13-Nov-2020 / 11:45 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Berlin, November 13, 2020 - Delivery Hero SE ("Delivery Hero") confirms the receipt of the so called examiner's report in which the case team of the Korea Fair Trade Commission ("KFTC") recommended that the KFTC require the divestment of Delivery Hero's 100% South-Korean subsidiary Delivery Hero Korea LLC. ("Yogiyo") as a condition to the antitrust approval for the previously announced joint venture with Woowa Brothers Corp. ("Woowa").

Delivery Hero had announced the purchase of shares in, and the establishment of a joint venture with the management of, Woowa, the operator of South Korea's largest food delivery platform, on December 13, 2019. The issue of the confidential examiner's report marks an interim step prior to hearings with, a final decision and approval of the KFTC. There is no certainty whether the KFTC would follow the suggestions of the examiner's report to ask for the divestment of Yogiyo or request other remedies from Delivery Hero in its final approval of the joint venture.

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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.

Contact:
Daniel Fard-Yazdani
Head of Investor Relations

Additional information:
Language: English
Company: Delivery Hero SE
Oranienburger Strasse 70
10117 Berlin
Germany
Phone: +49 (0)175 5526027
Email: ir@deliveryhero.com
Internet: www.deliveryhero.com
ISIN: E000A2E4K43
WKN: A2E4K4
Listed: Regulated Market in Frankfurt (Prime Standard); Open Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

13-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Investor Relations Enquiries

Daniel Fard-Yazdani
Head of Investor Relations

ir@deliveryhero.com

Media Enquiries

Sigrid Dalberg-Krajewski
Corporate Spokesperson

press@deliveryhero.com

Investor Relations Enquiries

Daniel Fard-Yazdani
Head of Investor Relations

ir@deliveryhero.com

Media Enquiries

Sigrid Dalberg-Krajewski
Corporate Spokesperson

press@deliveryhero.com

Language:

English

Company:

Delivery Hero SE

Oranienburger Straße 70

10117 Berlin

Germany

Fax:

+49 (0)30 5444 59 024

E-mail:

info@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:

1148027


 

End of Announcement

DGAP News Service

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