Delivery Hero edges up as Uber agrees to increase stake

Prosus NV

17/04/2026 09:00

** Shares in Delivery Hero DHER.DE rise 2.3% after Uber UBER.N agreed to increase its stake in the German company to roughly 7%

** In a deal worth 270 million euros ($318.03 million), Dutch technology investor Prosus  PRX.AS will sell a 4.5% stake in Delivery Hero to Uber for 20 euros per share

**  Competition conditions set out by the European Commission required Prosus to reduce its Delivery Hero shareholding in order to advance its acquisition of Just Eat Takeaway

** Prosus will retain a stake of 21.8% in Delivery Hero

** "We wouldn't rush into seeing this as a prelude to a DH takeover... The great guessing game around DH continues," Jefferies  says

** The broker adds it is "baffled" by Prosus' actions given the low strike price, lack of imminent pressure to sell and EU plans to relax merger rules

** Shares in Prosus remain flat on Friday morning

($1 = 0.8490 euros)

(Reporting by Danny Callaghan)

((danny.callaghan@thomsonreuters.com))