Delivery Hero confirms talks on partial sale of Asian business; Grab is expected to pay US$1.07bil for stake


SOUTH-EAST ASIA (Reuters): Delivery Hero confirmed talks on a partial sale of its Asia business this week, adding that the deal's value is still under negotiation.

The Wirtschaftswoche business magazine first reported the news earlier in the day, saying Singapore's Grab could pay a little more than 1 billion euros (US$1.07 billion) for the unit.

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