Prosus sells 4.5% Delivery Hero stake to Uber at premium as it advances EU commitments

Prosus ( (NL:PRX) ) has shared an announcement.

Prosus has agreed to sell a 4.5% stake in German food delivery platform Delivery Hero SE to Uber Technologies, Inc. for €20.00 per share, a roughly 22% premium to Delivery Hero’s one‑month volume‑weighted average price, generating gross proceeds of about €270m and reducing its holding from 26.3% to 21.8%. The disposal forms part of commitments made to secure European Commission approval for Prosus’s acquisition of Just Eat Takeaway.com in 2025, and the company says it remains committed to divesting the remainder of its Delivery Hero stake within the required regulatory timeframe while seeking to maximise shareholder value.

The transaction underscores Prosus’s continued reshaping of its food delivery portfolio under regulatory constraints, while allowing it to crystallise value at a premium valuation and potentially redeploy capital elsewhere in its ecommerce and AI‑driven ecosystem. For stakeholders, the move clarifies Prosus’s pathway to meeting antitrust obligations, signals ongoing discipline in portfolio management and could influence competitive dynamics in Europe’s food delivery market as Uber deepens its exposure to Delivery Hero.

More about Prosus

Prosus N.V., based in the Netherlands and listed in Amsterdam and Johannesburg, positions itself as a technology investor and operator behind leading lifestyle ecommerce brands across Europe, India and Latin America. Its ecosystem spans food delivery, payments, classifieds, travel, events and mobility, and it also backs AI- and ecommerce-focused companies through Prosus Ventures, targeting frontier technologies including robotics, drones and synthetic biology.

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