{"id":661899,"date":"2025-03-06T00:00:00","date_gmt":"2025-03-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/06\/talabat-acquires-100-of-instashop\/"},"modified":"2025-03-06T00:00:00","modified_gmt":"2025-03-06T00:00:00","slug":"talabat-acquires-100-of-instashop","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/06\/talabat-acquires-100-of-instashop\/","title":{"rendered":"Talabat acquires 100% of Instashop"},"content":{"rendered":"

Hello all you wonderful people, and happy Thursday.<\/strong> We have a relatively brisk issue for you to close out the work week, with all the latest on Talabat\u2019s acquisition of Instashop, the best ads to watch this Ramadan season, and the food industry\u2019s Machiavellian plans to develop foods that circumvent the effects of weight-loss drugs like Ozempic.<\/p>\n

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THE BIG STORY TODAY<\/p>\n

DFM-listed Tala<\/strong>bat acquired 100% of Dubai-based on-demand grocery delivery <\/strong>marketplace <\/strong>Instashop<\/a><\/strong> in a related-party transaction from its Berlin-based parent company and majority shareholder Delivery Hero as part of a restructuring push, it said in a statement (pdf)<\/a>. Instashop will continue to operate as an independent brand, under Talabat\u2019s grocery and retail vertical. The sale and purchase agreement was first announced in September 2024, according to the statement. <\/p>\n

The cash-based transaction was valued at USD 32 mn which was financed by Talabat\u2019s <\/strong>internal reserves<\/strong>, with the amount reflecting Instashop\u2019s capital amount rather than its fair value, the statement reads. <\/p>\n

Good news for Talabat\u2019s public shareholders? <\/strong>The purchase price is a discount from the valuation price (USD 360 mn<\/a>) at which Delivery Hero bought Instashop back in 2020. This could be viewed favorably by the public shareholders of Talabat which took a 20% stake to market in USD 2 bn IPO in December 2024<\/a>. It\u2019s noteworthy that the valuation amount was paid by Delivery Hero through an initial payment of USD 270 mn, while the remaining amount was tied to Instashop\u2019s future performance through an earnout clause.<\/p>\n

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THE BIG STORY ABROAD<\/p>\n

The EU\u2019s 27 national<\/strong> leaders are <\/strong>meeting in Brussels today<\/a><\/strong> alongside Ukrainian <\/strong>President Volodymyr Zelenskiy to pledge support for Ukraine<\/strong> and plans to ramp up European defense spending<\/strong>, following US President Donald Trump\u2019s suspension of military aid to Kyiv<\/a> earlier this week. The meeting aims to offer political backing to several European Commission proposals unveiled earlier this week<\/a> that could see EUR 800 bn mobilized for regional defense, including a EUR 150 bn fund earmarked for member-country defense borrowing. <\/p>\n

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