Failure of potential sale of Foodpanda business denied: Delivery Hero shares crash

Failure of potential sale of Foodpanda business denied: Delivery Hero shares crash

How www.finanzen.net Reports, Delivery Hero has denied that the potential sale of its Foodpanda businesses has fallen through. The company stressed that negotiations over the potential sale are ongoing and reports of failure are false. Nevertheless, the Delivery Hero share price fell by 22.56 percent to 16.65 euros.

Analysts reacted with surprise to the news, emphasizing that a successful sale would have fundamentally changed Delivery Hero's financial profile and made the company a more investable business again. If the stalemate continues, the company's equity could suffer under the weight of its balance sheet. Nevertheless, Delivery Hero has sufficient liquidity and financial flexibility.

A failure of the negotiations would not be surprising given the disappointing business development. However, the lack of response from Delivery Hero so far suggests that there may be other interested parties. The Middle East and North Africa region is moving more and more to the fore, while the Southeast Asia division is to be sold. These events have left deep marks on the market value of Delivery Hero, whose market value fell from almost 40 billion euros during the Corona pandemic to just 5.4 billion euros.

According to a report by www.finanzen.net, the situation is assessed by financial experts as critical, as a failure of the sale could have a significant impact on the further development of Delivery Hero. If the company is unable to make a profitable sale in Southeast Asia, it could have long-term implications for the financial industry.