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DELIVERY HERO AG (FRA:DE000A2E) EQS-Adhoc: Delivery Hero SE: Taiwan Fair Trade Commission (“TFTC”) does not issue approval for the sale of the foodpanda business in Taiwan to Uber Technologies, Inc (“Uber”)

Transparency directive : regulatory news

25/12/2024 13:43

EQS-Ad-hoc: Delivery Hero SE / Key word(s): Mergers & Acquisitions/Disposal
Delivery Hero SE: Taiwan Fair Trade Commission (“TFTC”) does not issue approval for the sale of the foodpanda business in Taiwan to Uber Technologies, Inc (“Uber”)

25-Dec-2024 / 13:43 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group.
The issuer is solely responsible for the content of this announcement.


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.

 

*************

Investor Relations Enquiries

 Christoph Bast
  Head of Investor Relations

  ir@deliveryhero.com
Media Enquiries

 Corporate Communications Team
 

  press@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.

 

Responsible Person for this Publication:
Christoph Bast
Head of Investor Relations



End of Inside Information

25-Dec-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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

2057763  25-Dec-2024 CET/CEST

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