TELETRADER News
12/28/2020, 11:45 AM
(Source: TeleTrader)
Delivery Hero jumps 8% on S. Korea deal approval
Shares of Delivery Hero SE climbed over 8% on Monday after receiving approval from South Korea's antitrust regulator for its $4 billion acquisition of Woowa Brothers Corp., the owner of the country's most popular food delivery app.
Under the terms of the agreement with the Korea Fair Trade Commission, the German-based company agreed to sell its existing business in the Asian country.
Delivery Hero was up 8.02% at 11:44 am CET, selling for €127.95.