Dutch Company Takeaway.com Buys BGMenu for EUR 10.5 Million

Business | February 23, 2018, Friday // 17:06
Bulgaria: Dutch Company Takeaway.com Buys BGMenu for EUR 10.5 Million

A new major player enters the food delivery sector in Bulgaria. Amsterdam-based Takeaway.com acquires "Hello Hungry", the company behind the local market leader BGMenu, in a EUR 10.5 million deal. The Dutch group acquires 100% of the company, pays the cash and invests additional funds in Bulgaria and Romania.

Takeaway.com extends its presence in Eastern Europe after being a leader in Germany, the Netherlands, Poland, Belgium and Austria. In turn, BGMenu and the Romanian business of "Hello Hungry" - Oliviera, will continue to develop with their current management. The founders: the current majority shareholder Vladimir Davchev and the executive director Zornitsa Chugreeva will manage the new business of Takeaway.com in the region. 

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Tags: takeway, buy, bgmenu, food delivery, deal

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