On May 23, Reuters said at the above price rate, each stock of the sale of the Delity Hero in the trade was equivalent to 33 euro (38,3).
According to data from the London Stock Exchange, the level of negotiations in the deal is less than 1,76% than this weekend's closing price of the Delivy Hero.
Last week, Uber increased the percentage of rival possession from 7% to 19,5%, becoming the largest shareholder. According to calculations, this share is worth approximately 1.7 billion euros.
Louly Hero logo photo at the company's main headquarters in Berlin, Germany, August 18, 2020. Image: Reuters
Niklas Oestberg, CEO Delivy Hero, said that he would resign after years of pressure from major shareholders, forcing them to change the strategy. He expected the slowest transfer of power on March 31, 2027.
Asflix, shareholders own 15% of the shares at the Delivy Hero, calling for this delivery platform to narrow down the operating market, and quickly find a replacement for CEO Oestberg.
The global food exchange market is witnessing many integrating deals. Last year, DoorDash bought Delivereoo for £2,9 billion.
The Dutch Investment Group Prossus seized Just Eat Takeaway with 4.1 billion euros. However, the business with Just Eat put the Dutch corporation in a difficult position, when the European Commission forced them to comply with anti-exclusive regulations. That is, Prossus had to withdraw capital at other companies in the same field, to ensure competition on the regional delivery market.
At that time Prosus was the largest shareholder of the Delity Hero. They were forced to sell their shares to Uber. According to Financial Times, Uber described this deal as "permanent of opportunity", and Prosus criticized the European manager for for forcing them to reduce shares, giving an opportunity for an American corporation to take the whole picture.