Delivery Hero to list Talabat business in Dubai in December


Delivery Hero's logo is pictured at the company's headquarters in Berlin, Germany, August 18, 2020. REUTERS/Fabrizio Bensch/File Photo

(Reuters) - Talabat, the Middle East business of Delivery Hero, will list on the Dubai Stock Exchange in mid-December, floating 15% of its issued shares, its German parent said on Sunday, in what will be one of the UAE's biggest IPOs this year.

Berlin-based food delivery company Delivery Hero bought a majority stake in Talabat in 2015 and said on Sunday that it would retain a majority stake after the IPO.

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