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Delivery Hero headquarters in Berlin: closing price on Monday 1.22 pounds sterling
Photo: IMAGO / Bernd Friedel
The food delivery service Delivery Hero is selling its stake in British industry rival Deliveroo after two and a half years of losses. The Berlin company threw its 68.2 million Deliveroo shares onto the market on Monday evening. The investment banks Barclays, Goldman Sachs and Morgan Stanley have the task of placing them with investors overnight, as Delivery Hero announced. At Monday's closing price of 1.22 pounds sterling, the shares are worth 83 million pounds (97 million euros). The sale shows that Delivery Hero uses its capital in a disciplined manner, the statement said.
When Delivery Hero's entry into Deliveroo became known in the midst of the Corona crisis in August 2021, the price was almost three times as high at 3.56 pounds. CEO Niklas Östberg probably spent more than 300 million euros on it at the time. Delivery Hero explained at the time that they believed in the industry and had therefore invested in a leading company. In Great Britain, the two companies have no longer been in direct competition with each other since Delivery Hero withdrew in 2019.
mik/Reuters