Prosus NV is examining the possibility of boosting its stake in Delivery Hero SE and has reached out to other investors to measure their readiness to sell shares and the prices they would require. The company already holds a sizable minority position in the Berlin-based food delivery group.
This initiative comes at a time when Uber Technologies has launched a takeover approach for Delivery Hero. Prosus's current holding stands at 16.83% of Delivery Hero's stock, per LSEG data.
Representatives of the Dutch technology investor have contacted fellow shareholders to understand whether they would be open to disposing of part or all of their holdings and to establish the valuations at which they might transact. The outreach appears aimed at determining the level of available supply should Prosus choose to expand its exposure.
Observers will note that Prosus already holds a meaningful stake in Delivery Hero, and any accumulation would change the ownership dynamics within the company's shareholder base. At the same time, the reported takeover approach by Uber places additional strategic focus on Delivery Hero's share register and potential shifts in control or influence.
Clear summary
Prosus is exploring an increased investment in Delivery Hero, contacting other shareholders to assess the prices at which they might sell, while Uber has made a takeover approach. Prosus currently holds 16.83% of Delivery Hero according to LSEG.
Key points
- Prosus is considering enlarging its stake in Delivery Hero and has engaged other shareholders about potential share sales and their valuation expectations.
- The development coincides with a takeover approach by Uber for Delivery Hero, placing both investor moves in the context of potential consolidation in the food delivery sector.
- Sectors potentially affected include technology investment funds, online food delivery services, and ride-hailing operators tied to delivery and mobility businesses.
Risks and uncertainties
- It is uncertain whether other Delivery Hero shareholders will be willing to sell at valuations that make an enlarged stake feasible; this affects the feasibility of Prosus purchasing additional shares.
- The presence of a takeover approach from Uber introduces uncertainty around the final ownership structure and potential competing bids or strategic responses.
- If shareholders demand higher prices, acquisition costs for any purchaser seeking to build a larger position could rise, affecting transaction viability and market dynamics.
Market participants will watch both Prosus's outreach to the shareholder base and any developments in Uber's engagement with Delivery Hero for indications of how ownership and strategic direction may evolve.