Tuesday, 01 June 2021 08:46
Cuatrecasas guides Delivery Hero´s Balkans business €170m sale to Glovo
Cuatrecasas has advised Delivery Hero on the sale of its business in Bosnia and Herzegovina, Bulgaria, Montenegro, Romania and Serbia, as well as some assets in Croatia, to Glovo for €170 million
Delivery Hero SE, a world’s leading local delivery platform, has announced that Glovo will acquire Delivery Hero’s operations in the Balkan region. Glovo will take over Delivery Hero’s businesses in Bosnia Herzegovina, Bulgaria, Montenegro, Romania and Serbia, and acquire certain assets of Delivery Hero’s Croatian operations.
Present in all six countries and already holding a very strong position, Glovo is well-placed to continue investing in improved customer experience, long-term and sustainable operations, and further build-out the businesses locally. The aforementioned countries will be rebranded to Glovo’s company brand following a transition period. Delivery Hero will keep strengthening its global presence and focus on delivering an amazing experience to its c. 50 global markets. With this deal, Delivery Hero continues optimizing its operations and investments in key strategic markets.
“Delivery Hero has built a leading business in the Balkans in the last few years. However, given the operational complexity of the business and our current priorities, we believe Glovo is in a better position to continue creating an excellent experience for our users in the region,” remarked Delivery Hero’s CEO and co-founder, Niklas Östberg.
www.iberianlawyer.com/news/news/...usiness-170m-sale-to-glovo
Cuatrecasas guides Delivery Hero´s Balkans business €170m sale to Glovo
Cuatrecasas has advised Delivery Hero on the sale of its business in Bosnia and Herzegovina, Bulgaria, Montenegro, Romania and Serbia, as well as some assets in Croatia, to Glovo for €170 million
Delivery Hero SE, a world’s leading local delivery platform, has announced that Glovo will acquire Delivery Hero’s operations in the Balkan region. Glovo will take over Delivery Hero’s businesses in Bosnia Herzegovina, Bulgaria, Montenegro, Romania and Serbia, and acquire certain assets of Delivery Hero’s Croatian operations.
Present in all six countries and already holding a very strong position, Glovo is well-placed to continue investing in improved customer experience, long-term and sustainable operations, and further build-out the businesses locally. The aforementioned countries will be rebranded to Glovo’s company brand following a transition period. Delivery Hero will keep strengthening its global presence and focus on delivering an amazing experience to its c. 50 global markets. With this deal, Delivery Hero continues optimizing its operations and investments in key strategic markets.
“Delivery Hero has built a leading business in the Balkans in the last few years. However, given the operational complexity of the business and our current priorities, we believe Glovo is in a better position to continue creating an excellent experience for our users in the region,” remarked Delivery Hero’s CEO and co-founder, Niklas Östberg.
www.iberianlawyer.com/news/news/...usiness-170m-sale-to-glovo
Werbung