Getir explores assets sale amid restructuring talks

Getir
GroceryNews

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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Getir explores assets sale amid restructuring talks

Getir

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.


Subscribe to Retail Gazette for free

 Sign up here to get the latest news straight into your inbox each morning 


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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