Foodora owner rushes to the stock market

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Foodora owner rushes to the stock market
Photo: Viktoria Bank/TT

Foodora owner Delivery Hero is surging over 8 percent on the Frankfurt Stock Exchange after reports that major owners are pushing for a sale.

Several of the company's major shareholders want to see a strategic review to improve profitability and share value, according to sources told Bloomberg. One of the major shareholders has also proposed a sale of all or part of the business.

Delivery Hero, where Swede Niklas Östberg is co-founder and CEO, has been listed on the Frankfurt Stock Exchange since 2017. Since the peak in 2021, the stock has lost around 90 percent, writes Bloomberg.

Despite today's price increase, the stock is down nearly 30 percent this year.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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