Brief: Delivery Hero Enters Uber Business Combination, SSW Sale Deals

Sun Silver

16/07/2026 07:27

July 16 (Reuters) - DELIVERY HERO SE DHER.DE:
ENTERS INTO A BUSINESS COMBINATION AGREEMENT WITH UBER TECHNOLOGIES AND INTO A SALE AND PURCHASE AGREEMENT WITH SSW PARTNERS REGARDING CERTAIN BUSINESSES
UBER AGREES NOT TO ENTER DOMINATION OR PROFIT AND LOSS TRANSFER AGREEMENT FOR THREE YEARS
OFFER PRICE REPRESENTS 127% PREMIUM TO 3-MONTH VWAP PRIOR TO MAY 8, 2026
SALE OF TARGET BUSINESSES FOR EUR 1.4 BILLION EXPECTED TO CLOSE WITH OFFER IN SECOND HALF 2027
TO ISSUE NEW SHARES TO UBER UP TO 10% OF SHARE CAPITAL
TO SELL BUSINESSES IN 13 COUNTRIES TO SSW PARTNERS FOR EUR 1.4 BILLION
UBER TO HOLD OVER 53% ECONOMIC INTEREST IN DELIVERY HERO AFTER TENDER COMMITMENT
COMPLETION OF OFFER IS EXPECTED TO OCCUR IN SECOND HALF OF 2027
CASH CONSIDERATION OF EUR 41.50 PER DH SHARE
COMPANY USES PROCEEDS FROM SALE AND POST-COMPLETION CAPITAL INCREASE TO SATISFY AND DISCHARGE DELIVERY HERO'S INDEBTEDNESS
SAYS UBER COMMITTED TO PROVIDE A SHAREHOLDER LOAN FOR ANY REMAINING INDEBTEDNESS ACCELERATED AT COMPLETION OF OFFER
Source text: ID:nEQcfFRzDa
Further company coverage: DHER.DE


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