Naspers Increases Stake in Delivery Hero
September 28 2017 - 1:05AM
Business Wire
Naspers Limited (JSE: NPN.SJ and LSE: NPSN), a global internet
and entertainment group and one of the largest technology investors
in the world, today announced a transaction to obtain 22,359,857
shares of Delivery Hero stock from Rocket Internet for €660m
(US$775m) at a price of €29.50 per share. The purchase increases
Naspers’ stake to 23.6% and positions the company as the largest
shareholder in Delivery Hero.
Naspers initially invested in Delivery Hero in May of this year.
Since then, the company executed a successful IPO in June and
delivered strong half-year results as a public company on September
26, 2017.
“Delivery Hero is already the leading online food ordering and
delivery marketplace in most of the countries in which it operates
and our increased investment demonstrates our confidence in the
long-term prospects for the company. The food delivery sector is
still underpenetrated and growing rapidly across the
world. Many markets have experienced significant traction
already, but we believe the potential is far greater in high-growth
markets than that observed in the West,” Naspers CEO, Bob van Dijk
said.
“We are delighted that Naspers is increasing its stake in
Delivery Hero. We share the same long-term belief in our business
and we will continue to benefit from their experience to grow our
business globally,” said Niklas Östberg, CEO, Delivery Hero.
Growing its position in online food ordering and delivery is
consistent with Naspers’ strategy to invest in platforms with
global potential that offer online marketplace services in
high-growth markets. Delivery Hero has outstanding growth prospects
and has high levels of consumer engagement in the markets where it
operates. In addition to the investment in Delivery Hero, Naspers
recently led an $80M Series E investment in Swiggy, a leading food
ordering and delivery platform in India. Through majority-owned
Movile, Naspers has a leading food delivery business in iFood,
operating in Brazil and Mexico (under the brand SinDelantal), and
Naspers also operates Mr. D Food, a food delivery business in South
Africa.
The transaction is subject to regulatory approval, will be
funded from existing resources, and is expected to close in the
first quarter of 2018.
About Naspers
Founded in 1915, Naspers is a global internet and
entertainment group and one of the largest technology investors in
the world. Operating in more than 120 countries and markets with
long-term growth potential, Naspers builds leading companies that
empower people and enrich communities. It runs some of the world’s
leading platforms in internet, video entertainment, and media.
Naspers companies connect people to each other and the wider
world, help people improve their daily lives, and entertain
audiences with the best of local and global content. Every day,
millions of people use the products and services of companies that
Naspers has invested in, acquired or built, including Avito,
Brainly, Codecademy, Delivery Hero, eMAG, Flipkart, ibibo,
iFood, letgo, Media24, Movile, MultiChoice, OLX, PayU,
Showmax, SimilarWeb, SinDelantal, Swiggy, Twiggle, and
Udemy. Similarly, hundreds of millions of people have made the
platforms of its associates Tencent (www.tencent.com;
SEHK 00700), Mail.ru (www.corp.mail.ru; LSE: MAIL),
and MakeMyTrip Limited (www.makemytrip.com; NASDAQ:MMYT) a
part of their daily lives.
Naspers is listed on the Johannesburg Stock Exchange (NPN.SJ)
and has an ADR listing on the London Stock Exchange (LSE:
NPSN).
For more information, please visit www.naspers.com.
About Delivery Hero
Delivery Hero is the leading global online food ordering and
delivery marketplace with number one market positions in terms of
restaurants, active users and orders in more countries than any of
its competitors and online and mobile platforms across 40+
countries in Europe, the Middle East & North Africa (MENA),
Latin America and the Asia-Pacific region. Delivery Hero also
operates its own delivery service primarily in 60+ high-density
urban areas around the world. The Company is headquartered in
Berlin and has over 6,000 employees in addition to thousands of
employed delivery drivers.
For more information, please visit www.deliveryhero.com.
WKN: A2E4K4; ISIN: DE000A2E4K43.
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version on businesswire.com: http://www.businesswire.com/news/home/20170927006388/en/
NaspersMeloy Horn, +27 11 289 3320Head of Investor
Relationsmeloy.horn@naspers.comorDelivery HeroBodo v. BraunmühlHead
of Corporate Communicationsbodo.braunmuehl@deliveryhero.com
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