Dutch investment company Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for a consideration of €270m ($317.5m).

The deal will see Prosus offload around 13.58 million ordinary shares in the Berlin-based food delivery company at €20 per share.

Prosus is trimming its position in Delivery Hero to meet obligations set by the European Commission (EC) in connection with its acquisition of Just Eat Takeaway.com.

The EC cleared that acquisition in August 2025 on the condition that Prosus would sharply reduce its shareholding in Delivery Hero to ease concerns about competition in the food delivery market.

In a statement, Prosus said that the transaction represents “a step towards fulfilling those commitments”.

The deal will reduce the investment company’s interest in Delivery Hero from 26.3% to 21.8% of the issued share capital.

Prosus added that it is committed to disposing of the remaining Delivery Hero holding within the stipulated deadline.

Commenting on the deal, Delivery Hero co-founder and CEO Niklas Östberg said: “We welcome Uber’s additional investment in Delivery Hero.

“As a global tech leader, Uber’s increased position is a meaningful endorsement of our platform, our strategy, and our ongoing work to deliver long-term value for all shareholders.”

Once the deal closes, Uber will rank as the fourth-largest shareholder in Delivery Hero, Reuters reported.

The deal aligns with Uber’s European expansion, as it plans to roll out food delivery in Austria, the Czech Republic, Denmark, Greece and Romania, targeting $1bn in extra gross bookings over three years, according to the news agency.

Last month, Delivery Hero agreed to sell its Taiwan Foodpanda business to Southeast Asian ride-hailing and delivery company Grab for $600m in cash.