BERLIN (dpa-AFX) - According to insiders, the activist investor Sachem Head Capital Management could cause unrest at the food delivery service Delivery Hero in the future. The company has secured around 3.6 percent of the Berlin MDax company and is demanding a say on its supervisory board, the Bloomberg news agency reported on Thursday, citing people familiar with the matter. The New York-based fund could try to get rid of CEO Niklas Östberg. After the speculation became known, Delivery Hero shares rose by around 7.5 percent.

From Sachem Head Capital Management's perspective, Delivery Hero's business and share price have been disappointing, it added. The fund declined to comment to Bloomberg. Spokespeople for Delivery Hero declined to comment on the speculation.

Sachem Head Capital Management also recently announced a stake of around 5.2 percent in the British food delivery service Deliveroo. Delivery Hero's largest shareholder is the Dutch internet investment holding Prosus with a stake of around 30 percent.

It was only at the end of March that Delivery Hero announced that its long-standing CFO Emmanuel Thomassin would be moving to British fintech Wise at the end of September. Östberg is thus losing one of his closest confidants, with whom he had managed the business for a good ten years. The company says that the Supervisory Board is already looking for a successor./ngu/stw