Delivery Hero has sold its operations in Georgia
Berlin, 8 August 2017 – Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, announced today that it has sold its operations in Georgia to Menu Group (UK) Limited.
Delivery Hero continues to focus on markets with clear leadership positions and the announcement today follows the recent sale of operations in Kazakhstan to Chocofamily Holding (KZ) LLC on 30 April 2017.
The transaction prices were not disclosed.
Both Eastern European markets were operated under the foodpanda brand that Delivery Hero acquired in December 2016.
Niklas Östberg, CEO of Delivery Hero, commented: “The teams have done a tremendous job in these countries but our focus is on markets where we achieve a clear leadership and strong market position. Our divestment activities allow us to focus our efforts and resources on the rest of the group where we continue to have significant growth opportunities.”