Delivery Hero sells EUR 1.4 billion promissory notes to Uber, SMB at par
UBER•Delivery Hero signs promissory note purchase agreement
Delivery Hero signed a promissory note purchase agreement for about EUR 1.4 billion, sold at par to Uber Technologies, via its unit SMB Holding.
The promissory notes are to be issued by SDU 1, LLC, linked to SSW Partners, as consideration for buying certain Delivery Hero group operations.
Completion depends on regulatory and transaction conditions
Completion hinges on conditions tied to Uber’s planned voluntary tender offer, business carve-out steps, plus required regulatory approvals.
Uber is treated as a related party via SMB’s 24.99% stake in Delivery Hero.
