Taiwan Fair Trade Commission (“TFTC”) does not issue approval for the sale of the foodpanda business in Taiwan to Uber Technologies, Inc (“Uber”)
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EQS-Ad-hoc: Delivery Hero SE / Key word(s): Mergers & Acquisitions/Disposal AD-HOC RELEASE Public disclosure of inside information pursuant to Article 17 para. 1 of the Regulation (EU) No 596/2014 on market abuse (Market Abuse Regulation − MAR) Taiwan Fair Trade Commission (“TFTC”) does not issue approval for the sale of the foodpanda business in Taiwan to Uber Technologies, Inc (“Uber”) Berlin, 25 December 2024 − Delivery Hero SE (“Delivery Hero” or the “Company”, ISIN: DE000A2E4K43, Frankfurt Stock Exchange: DHER) confirms that the TFTC has issued a press release today informing of its decision not to issue approval for the intended sale of Delivery Hero`s foodpanda business in Taiwan to Uber. Delivery Hero SE had announced the intended sale of its foodpanda business in Taiwan – through the sale of its subsidiaries DH Stores (Taiwan) Co., Ltd. and Foodpanda Taiwan Co., Ltd. − to Uber Technologies, Inc. (the “Transaction”) on 14 May 2024. The Transaction was subject to the fulfillment of customary closing conditions and obtaining required regulatory approvals, including merger control approval by the TFTC. Uber may appeal the decision by TFTC or terminate the Transaction. The parties are subject to appropriate deal protections including break fee arrangements subject to certain conditions.
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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.
Responsible Person for this Publication: End of Inside Information
25-Dec-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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: | MDAX |
| 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: | 2057763 |
| End of Announcement | EQS News Service |
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2057763 25-Dec-2024 CET/CEST
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