Delivery Hero Acquires foodpanda

DGAP-Media / 10.12.2016 / 05:10

Transaction strengthens Delivery Hero's global leadership position in
online food ordering and delivery

Delivery Hero, a leading global online food ordering and delivery
marketplace, announced today that it signed a definitive agreement to
acquire foodpanda. The transaction strengthens Delivery Hero's global
leadership position in online food ordering and delivery, with the combined
group expecting to process over 20 million orders per month across 47
countries.

foodpanda will add 20 new countries in Eastern Europe, MENA and Asia to
Delivery Hero's platform increasing the size of Delivery Hero's total
addressable market. In addition, foodpanda will enable Delivery Hero to
consolidate its market leadership position in the Middle East. foodpanda
will also benefit from Delivery Hero's global capabilities and sharing of
best practices.

foodpanda, headquartered in Berlin, is an online food ordering and delivery
marketplace processing approximately 2 million monthly orders across 22
countries in Eastern Europe, MENA and Asia with market leading positions in
17 of them.

The acquisition of foodpanda will be funded through the issuance of new
shares in Delivery Hero to existing foodpanda shareholders. As a result,
Rocket Internet, a major shareholder of foodpanda, will increase its
ownership in Delivery Hero to 37.7% on a fully diluted basis post
transaction. The transaction is subject to customary closing conditions and
is expected to close prior to December 31, 2016.

Niklas Östberg, CEO of Delivery Hero, commented: "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."

Ralf Wenzel, CEO of foodpanda Group, commented: "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."

About Delivery Hero
Delivery Hero is a leading global online food ordering and delivery
marketplace connecting approximately 17 million active users and
approximately 271,000 restaurants through its online and mobile platforms
across 27 countries in Europe, the Middle East, Latin America and the Asia-
Pacific region. Delivery Hero also offers premium food ordering and
delivery in 51 cities across 10 countries. The Company is headquartered in
Berlin and has over 3,000 employees.

Media Contact
Bodo v. Braunmuehl, Head of Corporate Communications
[e-mail]

Disclaimer
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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
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End of Media Release

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Issuer: Delivery Hero Holding GmbH
Key word(s): Enterprise

10.12.2016 Dissemination of a Press Release, transmitted by DGAP - a service
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