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Delivery Hero pushes 8 trillion won sale of Woowa Brothers

Germany\'s Delivery Hero has begun a process to sell Woowa Brothers, the operator of South Korean food delivery app Baedal Minjok, industry sources said on Wednesday. Delivery Hero is seeking about 8 trillion won, a level it said equals about 12 times Woowa Brothers\' average operating profit over the past two years. JPMorgan has distributed teaser letters to major domestic and global companies and some private equity funds.