Prosus increases stake in food-delivery firm Delivery Hero by 8.2%

(Alliance News) - Prosus NV on Wednesday announced it has increased its stake in Berlin-based ...

Alliance News 31 March, 2021 | 5:32PM
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(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

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Delivery Hero SE 117.55
Naspers Ltd Class N 3,233.62 -
Prosus NV Ordinary Shares - Class N 86.60 -

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Alliance News

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