Tuesday, January 30, 2024

Berlin-based Delivery Hero plans to sell 68.2M shares of Deliveroo, or a ~4.5% stake worth ~£83M, and does not expect to hold any Deliveroo stock afterwards (Yasemin Craggs Mersinoglu/Financial Times)

Yasemin Craggs Mersinoglu / Financial Times:
Berlin-based Delivery Hero plans to sell 68.2M shares of Deliveroo, or a ~4.5% stake worth ~£83M, and does not expect to hold any Deliveroo stock afterwards  —  Sector has been coming under increasing pressure to demonstrate profitability as cost of capital has risen



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