By Joshua Kirby
Prosus said it is selling part of its stake in German food-delivery group Delivery Hero to Uber for around 270 million euros ($318.2 million), part of a remedy agreed last year when the investor bought Just Eat Takeaway.
Amsterdam-listed Prosus--a subsidiary of investment firm Naspers--said Friday that the stake to be divested to U.S. tech giant Uber represents around 4.5% of Delivery Hero's capital. The price of 20 euros a share represents a roughly 22% premium to Delivery Hero's average share price for the last month, Prosus said.
Prosus's move to offload part of its stake in the Berlin-based group comes after it struck a deal last year to buy Just Eat Takeaway, a rival to both Delivery Hero and Uber, for some $4.8 billion. European Union antitrust authorities approved the deal only on the condition that Prosus dispose of most of its more than 26% stake in Delivery Hero, the largest of any single investor in the group.
"Today's transaction represents a step towards fulfilling those commitments," the company said.
Prosus could meanwhile sell another part of its stake to Delivery Hero's second-largest investor, Aspex Management, according to a media report last month.
Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby
(END) Dow Jones Newswires
04-17-26 0241ET
