Business

Berlin-based Delivery Hero has its eyes on a deal with Rappi, says Bloomberg

The talks with Bogota-based Rappi have centered around a potential acquisition of the business, said two people familiar with the matter

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  • Delivery Hero’s CEO said that if good opportunities come up, the company won’t hesitate to take them;
  • Colombian Rappi and the Spanish Globo didn’t comment on the situation.

Two years ago, the Berlin-based company Delivery Hero invested a sum close to $105 million in the Colombian unicorn Rappi. Now, it is holding regular discussions with it again and other food delivery companies, such as Spain’s Glovo, about new potential deals, reported Bloomberg.

Niklas Ostberg, Delivery Hero’s CEO, said that th efirm is no longer in a position where it feels it has to do mergers and acquisitions, and it rather invest in its business, however “if good opportunities come up, then we won’t hesitate to take them”, he said.

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Delivery Hero is a shareholder in Rappi and Glovo. The talks with Bogota-based Rappi have centered around a potential acquisition of the business, said two people familiar with the matter to Bloomberg.

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The media outlet points out that Delivery Hero called attention to its appetite for deals a week ago when it outlined plans to sell as much as 1.5 billion euros of convertible bonds. The company said the money is intended for general corporate purposes and to take advantage of attractive investment opportunities that may arise.