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FOOD SERVICES | Staff Reporter, UK

Naspers increases stake in Delivery Hero to 23.6%

It acquired 22,359,857 shares that were previously held by Rocket Internet.

Delivery Hero Group announced that Naspers increased its stake in Delivery Hero from 10.6% to 23.6%.

Delivery Hero’s CEO Niklas Östberg said, “We know the Naspers management team for a couple of years and built very close and trustful relationships. They came in as a long-term shareholder, committed to Delivery Hero, committed to the vision and values of our company and management team. We are excited about their willingness to increase their stake as they have seen our business develop.”

Naspers’ CEO Bob van Dijk said, “Delivery Hero is already the leading online food ordering and delivery marketplace in most of the countries in which it operates and our increased investment demonstrates our confidence in the long-term prospects for the company. The food delivery sector is still underpenetrated and growing rapidly across the world. Many markets have experienced significant traction already, but we believe the potential is far greater in high-growth markets than that observed in the West.”

The transaction is subject to regulatory approval, will be funded from existing resources, and is expected to close in the first quarter of 2018.

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