trending Market Intelligence /marketintelligence/en/news-insights/trending/DLWvIeKdqQjrh1LO2thZSw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Delivery Hero raises €2.3B to fund Woowa acquisition

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


Delivery Hero raises €2.3B to fund Woowa acquisition

Online food-delivery service Delivery Hero SE raised nearly €2.3 billion from the sale of convertible bonds and new shares in a fundraising exercise to help pay for its Asian expansion, Reuters reported Jan. 15.

The proceeds will go toward Delivery Hero's €3.6 billion acquisition of South Korean food-delivery platform Woowa Brothers Corp. In December 2019, Germany's Delivery Hero announced plans to acquire Woowa for a U.S.-dollar equivalent of €1.7 billion in cash and €1.9 billion in shares.

According to the Reuters report, Berlin-based Delivery Hero raised €1.75 billion from the sale of two convertible bonds and sold new shares worth about €571 million, equivalent to about 4.3% of its equity capital.