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Delivery Hero to sell South Korea unit to rescue $4bn deal

Regulators made divestment a condition of German company's Woowa acquisition

Delivery Hero wants to buy South Korea's biggest food delivery company, Woowa Brothers, for $4 billion. (Source photos by Reuters)

SEOUL -- Germany's Delivery Hero said on Monday that it would sell its South Korean unit in order to secure regulatory approval for its $4 billion acquisition of the country's largest online food delivery company Woowa Brothers.

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