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Prosus given more time to comply with Delivery Hero stake sale, EU regulators say

Regulation & LegislationAntitrust & CompetitionCorporate Fundamentals

EU antitrust regulators have given Prosus more time to comply with its pledge to sell down its stake in Delivery Hero. The update is regulatory rather than operational, and does not indicate a change in the underlying divestment requirement. Market impact should be limited, though it keeps the stake reduction process under regulatory oversight.

Analysis

EU antitrust regulators have given Prosus more time to comply with its pledge to sell down its stake in Delivery Hero. The update is regulatory rather than operational, and does not indicate a change in the underlying divestment requirement. Market impact should be limited, though it keeps the stake reduction process under regulatory oversight.

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