Delivery Hero Looks Unlikely to Deliver Major M&A Soon -- Market Talk

Dow Jones03-25 18:02

1000 GMT - Delivery Hero's disposal program is likely to stay small-scale for now, J.P. Morgan analysts write in a note to clients. The German food-delivery group said it would sell its Foodpanda platform in Taiwan to Grab Holdings for $600 million, kicking off a streamlining program it set out late last year in response to investor pressure. But despite continued demands from a major shareholder, large-scale M&A looks unlikely at this point, JPM says. Instead, the most probable next divestment will be of the group's Latin American business to investor Prosus, the bank adds. JPM has an overweight rating on the company and a 28-euro price target on its stock. (joshua.kirby@wsj.com; @joshualeokirby)

(END) Dow Jones Newswires

March 25, 2026 06:02 ET (10:02 GMT)

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But despite continued demands from a major shareholder, large-scale M&amp;A looks unlikely at this point, <a href=\"https://laohu8.com/S/JPM\">JPM</a> says. Instead, the most probable next divestment will be of the group's Latin American business to investor Prosus, the bank adds. JPM has an overweight rating on the company and a 28-euro price target on its stock. 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