Prosus sells 5% stake in Delivery Hero to Aspex Management for €335 million
Here's what it means for you.
Prosus's strategic divestment signals a shift in the competitive food delivery landscape.
What happened
Prosus sold a 5% stake in Delivery Hero to Aspex Management for €335 million.
The Context
- Prosus is committed to reducing its stake in Delivery Hero.
- Aspex Management is the second-largest shareholder of Delivery Hero and has been advocating for asset divestitures.
- Prosus is targeting $3.6 billion in revenue from Just Eat Takeaway as it integrates the business.
Takeaway
The divestment from Delivery Hero indicates Prosus's strategic shift towards optimizing its portfolio in the competitive food delivery landscape.
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"Bloomberg is a premier financial and tech news provider, respected for its in-depth reporting and analytical rigor."
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