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BRIEF-Uber Technologies Acquires Delivery Hero's Foodpanda Business In Taiwan For $950 Mln
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BRIEF-Uber Technologies Acquires Delivery Hero's Foodpanda Business In Taiwan For $950 Mln
May 13, 2024 8:36 PM

May 13 (Reuters) - Delivery Hero Se ( DLVHF ):

* EQS-ADHOC: DELIVERY HERO SE ( DLVHF ): UBER TECHNOLOGIES ACQUIRES

FOODPANDA BUSINESS IN TAIWAN AND MINORITY STAKE IN DELIVERY HERO

* PURCHASE PRICE FOR TRANSACTION AMOUNTS TO USD 950 MILLION

ON A

CASH AND DEBT FREE BASIS

* TRANSACTION IS TARGETED TO CLOSE IN H1 2025

* COMPANY INTENDS TO USE NET PROCEEDS FROM CAPITAL INCREASE

TO BUY

BACK CONVERTIBLE BONDS TO ENHANCE ITS CAPITAL STRUCTURE

* COMPANY WILL EVALUATE PARTIAL REDEMPTIONS OF CONVERTIBLE

BONDS

THROUGH OVER--COUNTER TRANSACTIONS IN COMING MONTHS

* RESOLVED ON A EUR 278 MILLION CAPITAL INCREASE AGAINST

CASH

CONTRIBUTIONS

* DELIVERY HERO- CAPITAL INCREASE BY ISSUING 8.42 MILLION

NEW

ORDINARY REGISTERED SHARES AT PLACEMENT PRICE OF EUR 33.00 PER

SHARE

* SMB HOLDING CORPORATION, A WHOLLY-OWNED SUBSIDIARY OF UBER

TECHNOLOGIES, INC., HAS AGREED TO SUBSCRIBE FOR NEW SHARES

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