Dutch investment company Prosus has raised its holdings in the German food-delivery company Delivery Hero by 8.2%.

Prosus purchased the additional interest in Delivery Hero via market and bilateral trades through its subsidiary, MIH Food. The company funded the transaction from existing resources.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The move follows Delivery Hero’s recent deal with Woowa, under which it acquired an 87% stake in the South Korean food delivery app. As a result of this deal, MIH’s shareholding in Delivery Hero fell to 16.81%.

With the purchase of around 20.37 million shares, MIH’s shareholding in Delivery Hero increased by 8.18% to 24.99% or 22.24% on a fully diluted basis.

This move, which will fortify Prosus’ position as Delivery Hero’s largest shareholder, is aimed to offset current and future dilution incurred from convertible issuances, employee exercises and stock issuance with regard to the Woowa transaction.

The company said it has no plans to purchase any additional shares in the food delivery company within the next 12 months.

Prosus’ additional stake purchase in Delivery Hero follows its investments in Latam-based iFood and India-based Swiggy.

In January, Delivery Hero marked a new climate milestone by transforming its operation in Latin America to carbon-neutral.

The company, which turned its operations in Europe to carbon-neutral last year, is looking to expand the initiative globally by the end of this year with the aim of offsetting 100% of its carbon footprint.