Glovo to acquire Delivery Hero's Balkans units

Thursday 27 May 2021 13:01 CET | News

Glovo has agreed to pay EUR 170 million to acquire the Balkans units of Delivery Hero.

The transaction includes the acquisition of Foodpanda in Romania and Bulgaria, Donesi in Serbia, Montenegro, Bosnia and Herzegovina, and Pauza in Croatia. The deals are subject to regulatory approvals. Glovo has also recently announced the acquisition of Ehrana in Slovenia for an undisclosed amount.

According to Reuters, Delivery Hero took its stake in Glovo to 37% after providing EUR 229 million out of the EUR 450 million raised by the Spanish company in April 2021.

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Keywords: Glovo, delivery, online payments
Categories: Payments & Commerce
Countries: Eastern Europe
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