March 10 (Reuters) - British meal delivery company

Deliveroo ( DROOF ) said on Monday that it will exit its Hong Kong

operations by selling some assets to Delivery Hero's

foodpanda for an undisclosed amount, and by closing other

assets.

"There are several dynamics specific to the Hong Kong market

which led the Board to consider strategic options and ...

determine that it would not serve shareholders' best interests

to continue to operate in Hong Kong," Deliveroo ( DROOF ) said in a

statement.

The company's operations in Hong Kong were loss making and

accounted for about 5% of overall transactions.

Deliveroo ( DROOF ) said it has nominated liquidators to close its

Hong Kong businesses that it did not sell to foodpanda, and that

its Hong Kong platform will remain live until April 7.

(Reporting by Pushkala Aripaka in Bengaluru; Editing by Mrigank

Dhaniwala)