Delivery Hero to Sell Taiwan Food Delivery Unit to Grab for $600M in Strategic Review Milestone

1 hour ago 3

MarketBeat

Mon, March 23, 2026 astatine 8:08 AM CDT 5 min read

Delivery Hero logo

Delivery Hero logo
  • Delivery Hero has agreed to merchantability its Taiwan food-delivery concern to Grab for $600 cardinal successful cash, calling the woody the archetypal large milestone successful its strategic review and its 5th plus monetization to “crystallize” value.

  • The Taiwan portion delivered EUR 1.5 billion GMV successful 2025 (about 3% of radical GMV); the transaction is expected to adjacent successful the second fractional of 2026 and volition beryllium utilized to repay debt, reducing nett leverage from astir 2.7x to 2.2x.

  • Delivery Hero volition supply transitional tech and enactment services for up to 12 months (with immoderate tech enactment into 2027), and absorption expects the sale’s interaction connected adjusted EBITDA and currency travel successful 2026 and during the modulation to beryllium marginal.

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Delivery Hero (ETR:DHER) said it has agreed to divest its nutrient transportation operations successful Taiwan to Grab for $600 cardinal successful cash, describing the transaction arsenic the archetypal large milestone successful the company’s strategical reappraisal announced successful mid-December 2025.

On a league telephone held astatine abbreviated announcement to sermon the announcement, Chief Executive Officer Niklas Östberg said the woody is the company’s fifth plus monetization and is intended to “crystallize cardinal value” for what helium called a market-leading asset. Östberg added that portion Delivery Hero’s operational show remains strong, the institution believes nationalist markets person not afloat reflected the intrinsic worth of its planetary operations. He besides noted that completing a carve-out transaction had required extended enactment implicit astir the past 9 months, and characterized the negotiations arsenic volatile but yet constructive for some parties.

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Chief Financial Officer Marie-Anne Popp provided fiscal discourse and expected timing for the sale. She said that successful full-year 2025, the Taiwan concern generated gross merchandise worth (GMV) of EUR 1.5 billion, representing astir 3% of Delivery Hero’s full GMV.

The institution expects the transaction to adjacent successful the second fractional of 2026, taxable to customary regulatory approvals. To facilitate a separation from Delivery Hero’s planetary infrastructure, the institution plans to supply support services for a migration play of up to 12 months aft closing. In the Q&A, absorption besides indicated that exertion enactment would proceed done 2026 and “most portion of 2027” arsenic portion of transitional services.

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