Business & Finance - October 29, 2021

Delivery Hero completes the sale of Delivery Hero Korea LLC

Berlin, 29 October 2021 – Delivery Hero SE (“Delivery Hero”), the world’s leading local delivery platform, has completed the sale of Delivery Hero Korea LLC (“Yogiyo”) to Affinity Equity Partners, GS Retail Co, Ltd., and funds advised by Permira. The three-party consortium has acquired 100% of the entity for an enterprise value of KRW 800 billion.

Following the conditional regulatory approval by the Korea Fair Trade Commission (“KFTC”) for its strategic partnership with Woowa Brothers Corp., Delivery Hero was required to divest 100% of Delivery Hero Korea LLC by 2 January 2022. Delivery Hero has now fulfilled the KFTC’s requirement by closing the transaction within the permitted time frame.


This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of Delivery Hero SE (“forward-looking statements”). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes,” “estimates,” “anticipates,” “expects,” “intends,” “may,” “will” or “should” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. 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 to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.

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