Uber-Delivery Hero plan seen as overhang for Grab shares
DBS Group Research analyst Sachin Mittal says Uber’s planned acquisition of Delivery Hero could pressure Grab’s shares due to potential conflict with Grab’s non-compete agreement and Foodpanda’s Southeast Asia operations being brought under Uber.
Uber's plan to acquire Delivery Hero remains a key overhang for Grab's share price, DBS Group Research's Sachin Mittal writes in a note. The transaction would bring Foodpanda's Southeast Asian operations under Uber's umbrella, putting it at odds with its noncompete agreement with Grab. Uber would need to fully divest.