Naver Acquires 247.8 Billion KRW Worth of Shares in German Corporation
[Asia Economy Reporter Lim Hye-seon] Naver (NAVER) announced on the 2nd that it will acquire 1,691,051 shares of the German Internet Media & Service company Delivery Hero SE for approximately 247.8 billion KRW. After the acquisition, the shareholding ratio will be 0.7%. The scheduled date of stock acquisition is the same day as the announcement.
Naver explained the purpose of this stock acquisition as "receipt of disposal proceeds due to the acquisition of an investment company."
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