Food delivery online German Hero, who operates in more than 50 countries failed in an attempt to acquire The Chefs Saudi Arabia.
The Chefs is the ultimate food and dessert delivery platform. This is after the Saudi General Competition Authority rejected the deal.
While the CEO of the Saudi company, Abdul Rahman Al-Shabanat, said the “door is open” for other options, including the initial offer of shares, or another buyer to buy the company.
It appears that Delivery Hero has so far been unsuccessful in acquiring a Saudi competitor, since in the beginning of questtalks with Msool for delivery services also failed.
It has also managed to expand into the UAE after acquiring Dubai’s food delivery platform InstaShop. last year for $ 270 million.
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