Announced
Financials
Sources
Tags
Pending
Friendly
Private
Single Bidder
Consumer Services: Other
delivery services
courier company
Spain
Acquisition
Minority
Cross Border
Synopsis
Delivery Hero, a German delivery giant, agreed to acquire a 7.5% stake in Glovo, a Spanish delivery firm, from AmRest, a listed hospitality firm, for €76.1 ($89m). The departure of the catering group occurs in a key consolidation scenario for the food delivery sector, where most companies struggle to achieve profitability. Within this process, Glovo last September closed an agreement to sell its Latin American operations to Delivery Hero, one of the giants in the delivery sector worldwide, for more than €230m.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.