Prosus sells 4.5% stake in Delivery Hero to Uber for €270 million
Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for €270 million, reducing its ownership from 26.3% to 21.8%. The transaction is part of Prosus's efforts to comply with European Commission requirements following its acquisition of Just Eat Takeaway.com. Uber's investment is seen as a strategic move to support its European food delivery expansion.
Tickers: $UBER
Topics: corporate strategy market competition regulatory compliance stock transactions