Prosus has been forced by European regulators to sell down its Delivery Hero stake in order to proceed with a proposed acquisition of Just Eat.
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Uber
on Friday agreed to purchase an additional 4.5% of shares of German food delivery firm Delivery Hero
from the company’s biggest shareholder Prosus
Total gross proceeds to Prosus are approximately 270 million euros ($318 million), the company said. Uber will pay 20 euros a share, which is below Delivery Hero’s Thursday closing price following a 7% rally in the stock. However, it is a 22% premium to the 1-month average share price, Prosus said.
German delivery group’s largest shareholder Prosus has agreed to reduce its stake over EU competition concerns
Così l'investitore istituzionale si rafforza al 15%: secondo i broker aumenta ulteriormente la pressione sul Ceo Niklas Oestberg
Tech investment group commits to reducing its stake in food delivery rival Delivery Hero to ease competition concerns
Uber said revenue in its food delivery business increased 30%, beating analysts' estimates.
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