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

Spiegel

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After less than three years, the Berlin-based start-up Delivery Hero wants to sell its share package in British competitor Deliveroo again. In doing so, several millions are likely to fall by the wayside.

wiwo.de

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Rund zweieinhalb Jahre nach der Investition in die britische Lieferplattform Deliveroo steigt der Berliner Lieferdienst Delivery Hero wieder aus: Das Unternehmen warf am Montagabend seine Aktien auf den Markt.

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The food delivery service Delivery Hero, which is represented in Austria by Foodora, has separated from its share of British industry rival Deliveroo after two and a half years at a loss. The Berlin-based start-up company placed its 68.2 million Deliveroo shares with institutional investors at a price of just under 77 million pounds (90 million euros). The package represents a 4.5 percent stake in the British delivery service.