Delivery Hero's Attempted Sale of Foodpanda Taiwan Hits Regulatory Snag

Delivery Hero SE has encountered a significant hurdle in its plan to divest its Foodpanda business in Taiwan. On October 21, 2026, the Taiwan Fair Trade Commission (TFTC) announced its decision not to approve the proposed sale to A2G Holdings Inc., commonly known as Grab. This decision concerns the anticipated transaction initially disclosed by Delivery Hero on March 23, 2026.

The transaction's completion was conditioned upon receiving necessary regulatory approvals, including clearance from the TFTC. Despite the setback, Delivery Hero retains the right to appeal the TFTC's decision. The terms of the deal also include protective measures for Delivery Hero, such as break fee arrangements under certain conditions.

The regulatory decision leaves the future of the Foodpanda business in Taiwan uncertain, as Delivery Hero evaluates its next steps following the TFTC's announcement.