Delivery Hero rises as Grab offers to buy Foodpanda Taiwan business

Grab Holdings

23/03/2026 10:02

** Shares in Delivery Hero DHER.DE rise 1.5% after Southeast Asia's biggest ride-hailing and delivery firm Grab GRAB.O said it would buy the German company's Foodpanda Taiwan business for $600 million

** The deal is expected to close in the second half of 2026, according to a statement

** "Overall, we view this transaction as a positive for the name with evidence of management indeed being able to sell assets for prices above market expectations," J.P. Morgan says

** The stock, which has lost 31.5% YTD including Monday's session, is among the best performers on the pan-European index .STOXX, which is down 2%

 (Reporting by Ozan Ergenay)

 ((ozan.ergenay@thomsonreuters.com))