South Africa: Nasper to Buy $775 Mln Additional Stakes in Delivery Hero

Image: Retail News Asia

South Africa’s e-commerce firm, Naspers plans to buy an additional 13 percent stake in online food takeaway firm Delivery Hero for $775 million.

Delivery Hero is an online food delivery service company which delivers food across more than 40 countries around the world.

Under the deal, Naspers will buy about 22.4 million shares for 29.50 euros per share from German e-commerce investor Rocket Internet, increasing its stake to 23.6 percent and making it the biggest shareholder in one of Europe’s largest Internet startups.