Array
(
    [_edit_lock] => Array
        (
            [0] => 1703070335:11
        )

    [tdc_dirty_content] => Array
        (
            [0] => 1
        )

    [tdc_icon_fonts] => Array
        (
            [0] => a:0:{}
        )

    [_thumbnail_id] => Array
        (
            [0] => 116297
        )

    [_edit_last] => Array
        (
            [0] => 11
        )

    [_post_language] => Array
        (
            [0] => 
        )

    [_molongui_author] => Array
        (
            [0] => guest-97695
        )

    [_molongui_main_author] => Array
        (
            [0] => guest-97695
        )

    [td_post_theme_settings] => Array
        (
            [0] => a:1:{s:11:"td_subtitle";s:84:"Berlin-based Delivery Hero confirms ongoing talks, Grab reportedly a potential buyer";}
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 599
        )

    [_yoast_wpseo_metadesc] => Array
        (
            [0] => In a brief statement, a Foodpanda Malaysia spokesperson said negotiations are ongoing with several parties regarding a possible sale of its Foodpanda business in selected Southeast Asia markets.
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 60
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 1
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

    [post_views_count] => Array
        (
            [0] => 240
        )

    [post_views_count_7_day_arr] => Array
        (
            [0] => a:7:{i:0;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:1;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:2;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:3;a:3:{s:4:"date";s:10:"1750953304";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:15;i:1;}}i:4;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:5;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:6;a:2:{s:4:"date";i:0;s:5:"count";i:0;}}
        )

    [post_view_7days_last_day] => Array
        (
            [0] => 3
        )

    [post_views_count_7_day_last_date] => Array
        (
            [0] => 1750953304
        )

    [post_views_count_7_day_total] => Array
        (
            [0] => 1
        )

    [post_views_last_24_hours] => Array
        (
            [0] => 1
        )

    [post_views_last_48_hours] => Array
        (
            [0] => 1
        )

    [_stopmodifiedupdate] => Array
        (
            [0] => 1
        )

    [_modified_date] => Array
        (
            [0] => 
        )

    [footnotes] => Array
        (
            [0] => 
        )

)
Foodpanda’s parent company mulls selling Southeast Asia business | Scoop
A Foodpanda Malaysia spokesperson has said that negotiations are ongoing with several parties regarding a possible sale of its Foodpanda business in selected Southeast Asia markets. – Scoop pic, September 21, 2023
News

Foodpanda’s parent company mulls selling Southeast Asia business

Berlin-based Delivery Hero confirms ongoing talks, Grab reportedly a potential buyer

Scoop Reporters
Updated
4:08 PM MYT

 

KUALA LUMPUR – Foodpanda’s parent company Berlin-based Delivery Hero in negotiations to potentially offload its food delivery business in Southeast Asia.

In a brief statement, a Foodpanda Malaysia spokesperson said negotiations are ongoing with several parties regarding a possible sale of its Foodpanda business in selected Southeast Asia markets.

“Any discussions or plans are in their preliminary stages.”

Meanwhile, Delivery Hero confirmed negotiations for a potential sale in selected markets, such as Singapore, Malaysia, Philippines, Thailand, Cambodia, Myanmar and Laos. 

“The negotiations are in their preliminary stages and it is uncertain and subject to various open points whether this will lead to a definitive agreement. 

“The purchase consideration for the entire transaction is still under negotiation. In any event, if an agreement is reached, approval of the supervisory board, which is still outstanding, will need to be obtained for execution of any definitive agreement. 

“If signed, the transaction is expected to be subject to certain conditions including obtaining the necessary regulatory approvals in the relevant jurisdictions,” it said in a statement. 

However, German business magazine Wirtschaftswoche reported that Foodpanda’s competitor Grab could pay some US$1.07 billion (approximately RM5.02 billion) for the sale.

Grab did not immediately reply to a request for comment.

Last month, Delivery Hero chief executive officer Niklas Oestberg said Asia was where the company saw the most opportunity to invest. – September 21, 2023

Topics

 

◉ Popular

From player to mentor: Wee Wern calls time on glittering squash career, takes on coaching challenge

A desire to impart her years of experience to the younger generation has seen former world number five squash player Low Wee Wern make the tough decision to hang up her racquet.

Duck and cover? FashionValet bought Vivy’s 30 Maple for RM95 mil in 2018

Purchase of Duck's holding company which appears to be owned wholly by Datin Vivy Yusof and husband Datuk Fadzarudin Shah Anuar was made same year GLICs invested RM47 mil

No forced eviction of Pasir Panjang Ulu farmers, process was legal: Perak MB

Datuk Seri Saarani Mohamad said the process was carried out legally, adding that MB Inc held a series of direct negotiations with the farm operators since 2021, in addition to offering ex-gratia at a reasonable rate. 

◉ Related

Copyright © 2023. All rights reserved.