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One of Europe’s biggest food delivery firms doubles down on Middle East with $300 million Saudi deal

by Editor July 24, 2023, 8:17 am 1.8k Views

One of Europe's biggest food delivery firms doubles down on Middle East with $300 million Saudi deal

The website of food delivery service Delivery Hero.

Rafael Henrique | SOPA Images | LightRocket via Getty Images

Delivery Hero, the German online food delivery company, said Friday that it is taking full ownership of its Saudi subsidiary in a transaction valued at $297 million.

The company said it has bought the remaining 37% stake in HungerStation, which operates Delivery Hero in Saudi Arabia — in a deal that represents an effort from the…

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Posted by Editor

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