German delivery firm to sell its Asia arm Food Panda to rival Grab

Published date: Thu, 21 Sep 2023 11:39:57 +0700

German food delivery firm Delivery Hero is in talks with rival Grab to sell them its Asian delivery branch Food Panda, it emerged on Thursday.

New York-listed Grab, which is based in Singapore, will pay around one billion euros (1.07 billion USD) for the unit, which is known for its bright pink costumes and panda bear mascot.