PRESS RELEASE : Delivery Hero adjusts its global footprint as Glovo takes over certain operations in the Balkan region

DGAP-News: Delivery Hero SE / Key word(s): Strategic Company Decision/Mergers & Acquisitions 
Delivery Hero adjusts its global footprint as Glovo takes over certain operations in the Balkan region 
2021-05-26 / 07:30 
The issuer is solely responsible for the content of this announcement. 
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  . Delivery Hero and Glovo have entered into an agreement regarding Glovo acquiring Delivery Hero's operations in 
    Bosnia and Herzegovina, Bulgaria, Croatia, Montenegro, Romania, and Serbia 
  . Glovo will acquire the local businesses for a transaction value of approximately EUR 170 million 
  . The transaction allows Delivery Hero to further optimize its operational footprint and invest in other core markets 
    and verticals which are key to its strategy 
Berlin, 26 May 2021 - Delivery Hero SE ("Delivery Hero"), the world's leading local delivery platform, today announced 
that Glovo will acquire Delivery Hero's operations in the Balkan region. Glovo will take over Delivery Hero's 
businesses in Bosnia Herzegovina, Bulgaria, Montenegro, Romania and Serbia, and acquire certain assets of Delivery 
Hero's Croatian operations. 
Present in all six countries and already holding a very strong position, Glovo is well-placed to continue investing 
into improved customer experience, long-term and sustainable operations, and further build-out the businesses locally. 
The aforementioned countries will be rebranded to Glovo's company brand following a transition period. Delivery Hero 
will keep strengthening its global presence and focus on delivering an amazing experience to its c. 50 global markets. 
The transactions involving Bosnia Herzegovina, Bulgaria, Croatia, Montenegro, and Serbia are expected to close within 
the next few weeks, subject to the fulfilment of the conditions precedent. Romania is expected to close by Q1 2022, 
subject to the fulfillment of the conditions precedent and relevant regulatory approvals. 
Niklas Östberg, CEO and Co-Founder of Delivery Hero, said: "Delivery Hero has built a clear leading business in the 
Balkan region in the last couple of years. However, with a lot of operational priorities on our plate, we believe Glovo 
would be better positioned to continue building an amazing experience for our customers in this region." 
Oscar Pierre, CEO of Glovo, said: "It's always been central to our long-term strategy to focus on markets where we see 
clear opportunities to lead and where we can build a sustainable business. Central and Eastern Europe is a very 
important part of that plan. The region has really embraced on-demand delivery platforms and we're very excited to be 
strengthening our presence and increasing our footprint in countries that continue to show enormous potential for 
growth." 
ABOUT DELIVERY HERO 
Delivery Hero is the world's leading local delivery platform, operating its service in around 50 countries across Asia, 
Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and 
today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the 
next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and often 
in 10-15 minutes. Headquartered in Berlin, Germany, Delivery Hero is listed on the Frankfurt stock exchange since 2017, 
and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please visit 
www.deliveryhero.com 
ABOUT GLOVO 
Glovo is a pioneering multi-category delivery app and one of the world's leading delivery platforms. Founded in 
Barcelona in 2015, it operates in South West Europe, Eastern Europe and Sub-Saharan Africa. The app connects users with 
restaurants, grocery chains, pharmacies and retail stores, and also includes an "anything" category that allows users 
to order whatever they want. 
MEDIA CONTACT 
Sigrid Dalberg-Krajewski 
Senior Director, Corporate Communications 
[phone] 
[e-mail] 
INVESTOR RELATIONS CONTACT 
Daniel Fard-Yazdani 
VP, Head of Investor Relations 
[phone] 
[e-mail] 
DISCLAIMER 
This release may contain forward looking statements, estimates, opinions and projections with respect to anticipated 
future performance of Delivery Hero SE ("forward-looking statements"). These forward-looking statements can be 
identified by the use of forward-looking terminology, including the terms "believes," "estimates," "anticipates," 
"expects," "intends," "may," "will" or "should" or, in each case, their negative, or other variations or comparable 
terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking 
statements are based on the current views, expectations and assumptions of the management of Delivery Hero SE and 
involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to 
differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as 
guarantees of future performance or results and will not necessarily be accurate indications of whether or not such 
results will be achieved. Any forward-looking statements included herein only speak as at the date of this release. We 
undertake no obligation, and do not expect to publicly update, or publicly revise, any of the information, 
forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct 
any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, 
future events or otherwise. We accept no liability whatsoever in respect of the achievement of such forward-looking 
statements and assumptions. 
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2021-05-26 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
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Language:     English 
Company:      Delivery Hero SE 
              Oranienburger Straße 70 
              10117 Berlin 
              Germany 
Phone:        [phone] 
Fax:          [phone] 
E-mail:       [e-mail] 
Internet:     www.deliveryhero.com 
ISIN:         DE000A2E4K43 
WKN:          A2E4K4 
Indices:      DAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, OTC QB, OTC QX, SIX, Vienna Stock 
              Exchange 
EQS News ID:  1200540 
 
End of News   DGAP News Service 
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1200540 2021-05-26

 
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May 26, 2021 01:31 ET (05:31 GMT)