German online food delivery company, Delivery Hero, is acquiring full ownership of its Saudi subsidiary, HungerStation, in a deal valued at $297 million. The move is part of Delivery Hero’s strategy to expand its presence in the Middle Eastern food delivery market. Delivery Hero, with a market value of $10 billion, aims to contribute to Saudi Arabia’s ongoing success through HungerStation, which connects over 10,000 partners, including restaurants and grocery stores, with customers. The acquisition is expected to strengthen Delivery Hero’s ties with HungerStation and its portfolio.
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