Delivery Hero, the Berlin-based owner of online food and grocery delivery company foodpanda, is discussing a potential sale of its Asia business, according to the company when MARKETING-INTERACTIVE reached out. The deal is still under negotiations but it was reported that tech platform Grab could pay the equivalent of as much as a billion euros for the unit.
"Delivery Hero confirms negotiations with several parties regarding a potential sale of its foodpanda business in selected Southeast Asia markets," it said. "Any discussions or plans are in their preliminary stages."
According to German business magazine Wirtschaftswoche, these markets include Singapore, Cambodia, Laos, Malaysia, Myanmar, the Philippines and Thailand.
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