Former owners of South Korea’s Woowa Brothers sell $1.5b stake in Delivery Hero

Delivery Hero

The former owners of Woowa Brothers are selling shares worth about 1.25 billion euros ($1.5 billion) in Delivery Hero, which they received as part of the German online takeaway food company’s 2019 acquisition of the South Korean food delivery app.

Investors including Altos, Hillhouse, Broad Street Investments, BonAngels, Greenspring and Naver are offering 9.8 million shares in an accelerated bookbuild offering, the bookrunners organising the transaction said.

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