NEW GETIR SHAREHOLDERS BACK BREAK-UP OF FOOD DELIVERY GROUP Getir once-valued at £10bn has withdrawn from the UK

Investors in Getir, the food delivery group which is abandoning its UK operations, have approved a break-up of the company that will trigger a fresh capital injection of up to $250m (£197.5m).

Getir, which is based in Turkey, held an extraordinary general meeting on Sunday at which shareholders backed plans to split it into two independent companies.

The first will consist of its food and grocery delivery operations in Turkey and will be majority-owned and controlled by Mubadala, the Abu Dhabi state investment fund.

This business will be led by Batuhan Gultakan, a current Getir executive, while Nazim Salur, the company’s founder, will have no active involvement in it.

Instead, Mr Salur will run the other standalone business, comprising Getir’s other assets, including Getir Drive and BiTaksi, the ride-hailing services.

Getir’s withdrawal from the UK and other European markets, confirmed in the spring, represented a full-scale retreat for a company once-valued at nearly £10bn.