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    Prosus divests 5% stake in Delivery Hero to Aspex Management

    Low3 articles covering this·4 news sources·Updated 41 minutes ago·World
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    Prosus logo with Delivery Hero branding in the background

    Here's what it means for you.

    This strategic divestment signals a shift in ownership dynamics within the competitive food delivery market.

    What happened

    Prosus sold a 5% stake in Delivery Hero to Aspex Management for approximately €335 million.

    The Context

    • Aspex Management is the second-largest shareholder of Delivery Hero.
    • The sale is part of a broader strategy by Prosus to divest assets.
    • Aspex has been advocating for changes in Delivery Hero's management.

    Takeaway

    The divestment may lead to further changes in Delivery Hero's management and strategy.

    This article was generated by AI from 3 verified sources and reviewed by A47 editorial systems.

    3 Articles
    The Wall Street Journal

    Prosus Sells Part of Delivery Hero Stake to Aspex Management for About $395 Million

    Prosus has sold approximately 4.5% of its stake in Delivery Hero to Aspex Management for about $395 million, following a previous sale of a similar stake to Uber as part of remedies related to its acquisition of Just Eat Takeaway. This transaction ma...

    Investing.com

    Prosus sells 5% Delivery Hero stake to Aspex for €335 million

    Prosus has sold a 5% stake in Delivery Hero to Aspex for €335 million, marking a significant transaction in the food delivery market. This sale comes as Prosus continues to adjust its investment portfolio in response to market dynamics.

    Bloomberg Technology

    Prosus Sells 5% Stake in Delivery Hero to Activist Investor

    Prosus NV has announced the sale of a 5% stake in Delivery Hero SE to Aspex Management, the second-largest shareholder of the German e-commerce firm. This move comes amid ongoing pressure from Aspex for Delivery Hero's management to divest certain as...

    Bloomberg Technology

    Prosus Sells 5% Stake in Delivery Hero to Activist Investor

    Prosus NV has announced the sale of a 5% stake in Delivery Hero SE to Aspex Management, the second-largest shareholder of the German e-commerce firm. This move comes amid ongoing pressure from Aspex for Delivery Hero's management to divest certain as...