DGAP-News: Delivery Hero SE
/ Key word(s): Regulatory Approval/Mergers & Acquisitions
Delivery Hero to receive regulatory approval for its joint venture with Woowa
28.12.2020 / 09:51
The issuer is solely responsible for the content of this announcement.
Following the announcement by the Korea Fair Trade Commission on December 28, Delivery Hero will receive conditional regulatory approval for the strategic partnership with Woowa Brothers Corp., South Korea's largest online food delivery platform
As part of the transaction, a joint venture will be established in Singapore to manage the foodpanda operations of the Delivery Hero Group and Woowa entities in Asia
The strategic partnership will enable both parties to leverage market insights, technology expertise and operational know-how across all verticals, including food delivery, fintech, quick commerce, and other business areas