Prosus offers remedies to address EU concerns about Just Eat deal

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Prosus has offered to slash its Delivery Hero stake to below 10% and give up its board seat to address EU concerns over its 4.1 billion euro ($4.78 billion) Just Eat Takeaway deal, a person with direct knowledge of the matter said on Friday.

Prosus, which is majority owned by South Africa’s Naspers , earlier said it had offered remedies to the European Commission but did not provide details.

The company’s assurances to the Commission that it does not control nor influence the German meal delivery company Delivery Hero despite its 27.4% stake failed to…



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Prosus offers remedies to address EU concerns about Just Eat deal



Prosus has offered to slash its Delivery Hero stake to below 10% and give up its board seat to address EU concerns over its 4.1 billion euro ($4.78 billion) Just Eat Takeaway deal, a person with direct knowledge of the matter said on Friday.

Prosus, which is majority owned by South Africa’s Naspers , earlier said it had offered remedies to the European Commission but did not provide details.

The company’s assurances to the Commission that it does not control nor influence the German meal delivery company Delivery Hero despite its 27.4% stake failed to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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