Delivery Hero sells Taiwan unit to Grab for $600 million
Delivery Hero has agreed to sell its food delivery operations in Taiwan to Grab Holdings for $600 million. The company plans to use the proceeds to repay debt.
Delivery Hero SE has finalized an agreement to sell its food delivery operations in Taiwan to Grab Holdings Limited for a total of $600 million. The transaction, announced on Monday, involves the divestment of the Germany-based company's branch in the region. According to an official statement, the company plans to use the proceeds from the sale to strengthen its financial standing. > Delivery Hero will use the proceeds from the deal to repay its debt. This move is part of a broader strategy to manage corporate liabilities while Grab Holdings Limited continues to expand its market presence across Asia.
