December 20, 2018 / 11:58 PM / a month ago

Delivery Hero sells German food delivery operations to Takeaway.com

Dec 20 (Reuters) - Delivery Hero SE, the world’s biggest online food delivery firm, said it is selling its German food delivery operations to Netherlands-based Takeaway.com NV for 930 million euros ($1.07 billion).

The deal value includes 508 million euros in cash and 9.5 million shares in Takeaway.com worth 422 million euros, the company said on Thursday. ($1 = 0.8728 euro) (Reporting by Kanishka Singh in Bengaluru; Editing by Cynthia Osterman)

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