Dutch technology investor Prosus, a subsidiary of Naspers, has undertaken to sell its remaining 16.8% stake in its Europe food business Delivery Hero to Uber,. for €2.1bn.
Prosus has announced the sale of its remaining 16,8% stake in European internet company Delivery Hero, to Uber for around R41 billion, which also aligns with regulatory commitments required for Prosus’ takeover of Just Eat Takeaway.com (JET).
Prosus is majority-owned by Naspers, the owner of Takealot, Mr D, Media24, Property24, and Autotrader in South Africa. Both are listed in the JSE, while Prosus is also listed in Amsterdam. Naspers created the Dutch-based Prosus to house its international internet business assets, including its stake in Chinese technology giant Tencent.
Prosus acquired JET last year for €4,1bn (about R80bn), a dominant delivery service in Europe, akin to Uber Eats and Mr D in South Africa.
The European Commission approved Prosus’s acquisition of JET, but stated that that Prosus' shareholding in Delivery Hero needed to be reduced - both companies deliver food in Europe.
