Delivery Hero SE (XTRA:DHER) said negotiations over the potential sale of its foodpanda business in selected Southeast Asian markets are continuing, dismissing rumors that talks had collapsed. The German food-delivery company said in September that the potential sale would be for the business in Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmar and Laos, though it didn't disclose who it is in talks with. "There are market rumors that the negotiations for the potential sale have collapsed.

We confirm that the negotiations for the potential sale are ongoing, and, thus, the rumors are false," the group said Friday. Delivery Hero shares are down 6% at EUR 20.22 after the announcement. Shares touched a low of EUR 18.62 on February 2, 2024 prior to the announcement.