Delivery Hero SE (XTRA:DHER) is under pressure from several major shareholders to consider selling the company or divesting parts of its business. The Berlin-based food delivery company has seen its shares drop 53% over the past year, reducing its market value to about ?5.2 billion (USD 6.1 billion). Shareholders including Hong Kong?s Aspex Management, Singapore?s Broad Peak Investment Advisers, and Switzerland?s PSquared Asset Management have expressed frustration with Delivery Hero?s financial performance.
At least one large US fund has also raised concerns about the company?s portfolio strategy. Some investors are calling for a broader review after previous unsuccessful attempts to sell assets, including its Taiwan unit. Potential buyers for Delivery Hero or its units could include Meituan, Grab, or Uber, sources said.
Baedal Minjok, Delivery Hero?s Korean food delivery app, is seen as a particularly attractive asset.
