Delivery Hero chief to step down amid activist pressure
Founder Niklas Östberg will leave German food delivery group by next March
Founder Niklas Östberg will leave German food delivery group by next March

Founder Östberg retains board support even as German food group explores routes to revive shares

German delivery group’s largest shareholder Prosus has agreed to reduce its stake over EU competition concerns

Aspex Management wants strategic review sped up and some businesses sold off

Tech investment group commits to reducing its stake in food delivery rival Delivery Hero to ease competition concerns

Tony Xu says bar is high for deals as M&A is ‘mostly littered with failure’

Food delivery app says acquisition of UK’s Deliveroo will contribute less to earnings than forecast