Getir explores assets sale amid restructuring talks

Grocery delivery giant Getir is considering a string of asset sales as it continues restructuring talks.

The Turkish-founded firm is weighing up possible disposals including US online grocer FreshDirect, which it acquired late last year, Sky News reported.

The sale of BiTaksi, a ride-hailing service in Turkey, is also understood to be on the table.


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Sky News sources said that Getir minority shareholder, investment firm Mubadala, is keen for the firm to pursue the disposal of several assets.

The Abu Dhabi state-backed investor is being advised on a prospective restuctruring of Getir by Alix Partners.

Earlier this week, it emerged that the grocery delivery firm was exploring a radical restuctruring just two years after achieving a valuation of nearly £9.6bn.

A source close to the company denied that any form of insolvency process was under consideration, saying that if it decided to exit a country it would do so “in an orderly fashion”.

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