1247 GMT - Delivery Hero's deal to sell its delivery platform business in Taiwan to Grab fetched a good price and marks the first milestone in the company's strategic review process, J.P. Morgan analysts say in a research note. "We see the $600 million as a solid price well above market expectations," the analysts say. The German food-delivery company's deal provides evidence of management's ability to sell assets for prices above expectations, as the company has faced increased pressure to unlock value through disposals, they say. "While we welcome the move, it remains small in the wider context and 'big deal' scenarios (Korea, other MENA, Talabat) appear unlikely at this stage," according to JPM. Shares trade 7.5% higher at 16.44 euros. (sarah.sloat@wsj.com)
(END) Dow Jones Newswires
March 23, 2026 08:49 ET (12:49 GMT)
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