DGAP-News
Rocket Internet SE: Delivery Hero acquires foodpanda
DGAP-News: Rocket Internet SE / Key word(s): Investment
Rocket Internet SE: Delivery Hero acquires foodpanda
10.12.2016 / 00:01
The issuer is solely responsible for the content of this announcement.
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Rocket Internet SE: Delivery Hero acquires foodpanda
10.12.2016 / 00:01
The issuer is solely responsible for the content of this announcement.
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Rocket Internet SE: Delivery Hero acquires foodpanda
- Rocket Internet receives newly issued shares in Delivery Hero in
exchange
Berlin, 9 December, 2016 - Delivery Hero Holding GmbH ("Delivery Hero")
announced today the acquisition of Emerging Markets Online Food Delivery
Holding S.à r.l. ("foodpanda"). In exchange for all its shares in
foodpanda, Rocket Internet SE ("Rocket Internet" or the "Company") received
newly issued shares in Delivery Hero increasing its stake in Delivery Hero
to c. 37.7% (on a fully diluted basis).
The transaction strengthens Delivery Hero's global leadership position in
online food ordering and delivery, with the combined group processing over
20 million orders per month across 47 countries. foodpanda operates in
total in 22 countries with market leading positions in 17 of them. The
acquisition of foodpanda will enable Delivery Hero to consolidate its
market leadership position in the Middle East and adds 20 new countries in
Eastern Europe, MENA and Asia to Delivery Hero's platform increasing the
size of Delivery Hero's total addressable market. Furthermore, the
combination of the two key companies leads to a significant reduction of
complexity at group level for Rocket Internet
"The combination of foodpanda and Delivery Hero, one of our most important
companies, further consolidates key markets resulting in significantly
improved market positions. Delivery Hero is also acquiring new markets with
leading market positions further broadening its geographic footprint", said
Oliver Samwer, Rocket Internet's CEO. "In addition, the transaction leads
to reduced complexity at group level for Rocket Internet."
"foodpanda has built a fantastic position and service offering in some of
the largest food delivery markets globally. We look forward to working with
the team to continue creating unparalleled takeaway experiences for our
customers around the world", said Niklas Östberg, Delivery Hero's CEO.
"I am delighted to join forces with Delivery Hero and be part of a global
platform that will help us grow and with which we share a common vision",
said Ralf Wenzel, foodpanda's CEO.
The transaction is subject to customary closing conditions and is expected
to close prior to December 31, 2016.
--- END ---
Contact
E: investorrelations@rocket-internet.com
About Rocket Internet
Rocket Internet builds and invests in Internet companies that take proven
- Rocket Internet receives newly issued shares in Delivery Hero in
exchange
Berlin, 9 December, 2016 - Delivery Hero Holding GmbH ("Delivery Hero")
announced today the acquisition of Emerging Markets Online Food Delivery
Holding S.à r.l. ("foodpanda"). In exchange for all its shares in
foodpanda, Rocket Internet SE ("Rocket Internet" or the "Company") received
newly issued shares in Delivery Hero increasing its stake in Delivery Hero
to c. 37.7% (on a fully diluted basis).
The transaction strengthens Delivery Hero's global leadership position in
online food ordering and delivery, with the combined group processing over
20 million orders per month across 47 countries. foodpanda operates in
total in 22 countries with market leading positions in 17 of them. The
acquisition of foodpanda will enable Delivery Hero to consolidate its
market leadership position in the Middle East and adds 20 new countries in
Eastern Europe, MENA and Asia to Delivery Hero's platform increasing the
size of Delivery Hero's total addressable market. Furthermore, the
combination of the two key companies leads to a significant reduction of
complexity at group level for Rocket Internet
"The combination of foodpanda and Delivery Hero, one of our most important
companies, further consolidates key markets resulting in significantly
improved market positions. Delivery Hero is also acquiring new markets with
leading market positions further broadening its geographic footprint", said
Oliver Samwer, Rocket Internet's CEO. "In addition, the transaction leads
to reduced complexity at group level for Rocket Internet."
"foodpanda has built a fantastic position and service offering in some of
the largest food delivery markets globally. We look forward to working with
the team to continue creating unparalleled takeaway experiences for our
customers around the world", said Niklas Östberg, Delivery Hero's CEO.
"I am delighted to join forces with Delivery Hero and be part of a global
platform that will help us grow and with which we share a common vision",
said Ralf Wenzel, foodpanda's CEO.
The transaction is subject to customary closing conditions and is expected
to close prior to December 31, 2016.
--- END ---
Contact
E: investorrelations@rocket-internet.com
About Rocket Internet
Rocket Internet builds and invests in Internet companies that take proven
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