Uber boosts stake in Delivery Hero with €270 million share purchase
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Uber has agreed to purchase an additional 4.5% stake in Delivery Hero from Prosus for €270 million, paying €20 per share, which is a 22% premium over the stock's one-month average. This transaction is part of Prosus's commitment to reduce its stake in Delivery Hero following regulatory scrutiny from the European Commission related to its bid for Just Eat Takeaway.com. Prosus's stake in Delivery Hero will decrease from 27% to approximately 21% after this sale. The impact on Uber's operations in India remains uncertain.
Source: Business Standard The copyright of this article belongs to the original author/organization.
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