Delivery Hero SE (DHER), a German online food ordering and delivery company, said on Monday that it has inked a deal to sell its business, Foodpanda Taiwan Co., Ltd. to Grab Holdings Limited (GRAB) for $600 million on a cash-and debt-free basis.
The seller intends to use the net proceeds from the transaction to repay debt and for general corporate purposes. The transaction is expected to be closed in the second half of 2026.
For fiscal 2025, the foodpanda business in Taiwan has generated a GMV of EUR 1.5 billion, with positive adjusted EBITDA.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.