Delivery Hero to Sell Taiwan Food Delivery Unit to Grab for $600M in Strategic Review Milestone

Core Viewpoint - Delivery Hero has agreed to divest its food delivery operations in Taiwan to Grab for $600 million, marking a significant milestone in the company's strategic review initiated in December 2025 [2][3]. Transaction Details - The Taiwan business generated a gross merchandise value (GMV) of EUR 1.5 billion in full-year 2025, accounting for approximately 3% of Delivery Hero's total GMV [4]. - The transaction is expected to close in the second half of 2026, pending regulatory approvals, with support services planned for up to 12 months post-closing [5]. Financial Impact - The divestment is projected to significantly strengthen Delivery Hero's capital structure, reducing net leverage from approximately 2.7x to 2.2x [6]. - The proceeds from the divestment, along with a recent $1.4 billion term loan, are aimed at repaying existing debt and optimizing the company's debt structure [7].