DGAP-Adhoc: Delivery Hero SE: Delivery Hero SE confirms receipt of the examiner's report from Korea Fair Trade Commission with respect to joint venture with South Korean Woowa Brothers Corp., proposing divesture of Delivery Hero's Korean subsidiary
DGAP-Ad-hoc: Delivery Hero SE / Key word(s): Joint Venture/Capital Increase Berlin, November 13, 2020 - Delivery Hero SE ("Delivery Hero") confirms the receipt of the so called examiner's report in which the case team of the Korea Fair Trade Commission ("KFTC") recommended that the KFTC require the divestment of Delivery Hero's 100% South-Korean subsidiary Delivery Hero Korea LLC. ("Yogiyo") as a condition to the antitrust approval for the previously announced joint venture with Woowa Brothers Corp. ("Woowa"). Delivery Hero had announced the purchase of shares in, and the establishment of a joint venture with the management of, Woowa, the operator of South Korea's largest food delivery platform, on December 13, 2019. The issue of the confidential examiner's report marks an interim step prior to hearings with, a final decision and approval of the KFTC. There is no certainty whether the KFTC would follow the suggestions of the examiner's report to ask for the divestment of Yogiyo or request other remedies from Delivery Hero in its final approval of the joint venture. *************
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13-Nov-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Delivery Hero SE |
Oranienburger Straße 70 | |
10117 Berlin | |
Germany | |
Fax: | +49 (0)30 5444 59 024 |
E-mail: | [email protected] |
Internet: | www.deliveryhero.com |
ISIN: | DE000A2E4K43 |
WKN: | A2E4K4 |
Indices: | DAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, OTC QB, OTC QX, SIX, Vienna Stock Exchange |
EQS News ID: | 1148027 |
End of Announcement | DGAP News Service |
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1148027 13-Nov-2020 CET/CEST
Delivery Hero SE Aktie
Leichtes Buy-Übergewicht bei Delivery Hero SE mit 5 Buy- gegenüber 1 Sell-Einschätzungen.
Ein positives Kurspotenzial für Delivery Hero SE ist gegeben, mit einem Kursziel von 34 € über dem aktuellen Kurs von 28.98 €.