Are FreshDirect and BiTaksi for sale? – Last Minute Economy News
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Fast delivery company Getir is considering divesting FreshDirect and BiTaksi applications within the scope of restructuring negotiations in order to get out of the crisis.
According to the news in Sky News, Getir, which was founded in Turkey and has many assets in the UK, is evaluating possible sales, including the US-based online grocery application FreshDirect, which it acquired late last year.
The news stated that Getir, which gained brand recognition by sponsoring Tottenham Hotspur’s training equipment with a three-year agreement, is also considering selling BiTaksi.
Sources said that Abu Dhabi state-backed investor Mubadala, Getir’s minority shareholder, wants to sell many assets.
According to the information provided by the sources, a recommendation was made regarding the restructuring of Getir by AlixPartners and a cautious approach was made as to whether the divestitures would take place.
IT WAS DENIED THAT THE LIQUIDATION PROCESS WAS EVALUATED
A report on Sky News a few days ago stated that Getir was in talks about a radical restructuring just two years after reaching a value of approximately $12 billion (£9.6 billion).
Getir, which withdrew from many countries, including Italy and Spain, in order to reduce its losses, currently operates in five markets, including the UK and Turkey.
A source close to the company denied that a liquidation process was being considered and said that if the company decided to exit a country it would do so “in an orderly manner”.
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