(Alliance News) - Prosus NV on Wednesday announced it has increased its stake in Berlin-based online food-delivery service Delivery Hero SE via market and bilateral trades through its subsidiary, MIH Food Holdings BV.
Prosus bought 20.4 million shares in Delivery Hero, increasing its stake by 8.2% to 25%, making it the group's largest shareholder.
Prosus has no intention to buy any additional shares within the next twelve months, the company said.
The transaction was funded from existing resources.
Prosus shares closed down 1.1% at ZAR1,643.00 each in Johannesburg on Monday, while shares were 1.0% higher at EUR110.50 in Frankfurt.
Prosus is a major subsidiary of Naspers Ltd.
By Greg Roxburgh; gregroxburgh@alliancenews.com
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