SE Hero Delivery confirmed it is in talks to sell part of its business in Southeast Asia, where growth has stalled since Covid-19 lockdowns were eased.
The company is in talks to sell the Foodpanda brand in Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar and Laos, Berlin-based Delivery Hero said in a statement On Wednesday. Negotiations are at an early stage and there is no certainty that they will lead to an agreement, he said. The statement was in response to a previous report from the German magazine WirtschaftsWoche.