Taiwan Regulator Blocks Delivery Hero’s $600 Million Foodpanda Sale to Grab
Delivery Hero said Taiwan’s Fair Trade Commission has not approved its planned sale of the foodpanda business in Taiwan to Grab over competition concerns.
SINGAPORE (dpa-AFX) - Delivery Hero SE (DELHY.PK) said Wednesday that Taiwan’s Fair Trade Commission has not approved the sale of its foodpanda business in Taiwan to Grab Holdings Limited (GRAB), citing competition concerns. Earlier this year, Delivery Hero signed an agreement to sell i…