Delivery Hero sells Taiwan unit to Grab for $600 million

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.