Prosus Granted More Time by EU to Cut Delivery Hero Stake After Just Eat Deal
EU Antitrust Extension and Implications for Prosus
By Foo Yun Chee
Background on Prosus and Delivery Hero Stake
BRUSSELS, June 1 (Reuters) - Dutch technology investor Prosus has been given more time to comply with its pledge to sell down its stake in Delivery Hero, EU antitrust regulators said on Monday.
Just Eat Takeaway Acquisition and Regulatory Conditions
Prosus secured EU antitrust approval to buy Just Eat Takeaway last year after agreeing to reduce its 27.4% stake in Delivery Hero to below a specified very low percentage within 12 months.
Impact on Market Competition
That has allowed rival Uber to more than double its stake in Delivery Hero to about 19.5% to become the largest shareholder.
Details of the Extension
Prosus is majority owned by South Africa's Naspers.
European Commission Statement
"We can confirm that on 29 May 2026, following a request from Naspers, we extended the deadline for the implementation of the remedies. Naspers still has to fully comply with the commitments," a European Commission spokesperson said.
Voluntary Concessions by Prosus
The spokesperson said Prosus had proposed the concessions and that regulators had not imposed them on the company.
Reporting Credits
(Reporting by Foo Yun Chee;Editing by Sudip Kar-Gupta and Susan Fenton)
