European stocks settled just below all-time highs on Monday, as investors digested strong gains in recent sessions and struck a cautious tone ahead the European Central Bank's monetary policy meeting this week. Tech stocks continued to lead market gains across the globe, surfing on a wave of optimism around artificial intelligence.
German food delivery group Delivery Hero SE said negotiations had failed regarding a potential sale of its Foodpanda business in some markets in Southeast Asia.
The parties could not reach final agreement on the deal terms, Delivery Hero said in a statement, without naming the parties. Delivery Hero has been trying to divest its loss-making Southeast Asian business in a wider effort to reach profitability while maintaining growth, as investor concerns regarding the company's cash position grow. The Berlin-based company confirmed talks on a partial sale of its Asia business last year, adding that the deal's value was still under negotiation.