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# Prosus offloads 4.5% of Delivery Hero to Uber for €270-million

**[TechCentral](https://daily.dev/sources/techcentral)** · 2 min read · 0 upvotes · 0 comments

## Summary

Prosus, the Naspers subsidiary, has sold a 4.5% stake in Delivery Hero to Uber Technologies for approximately €270 million, pricing shares at €20 each — a 22% premium to the one-month volume-weighted average price. The sale reduces Prosus's holding in the Frankfurt-listed food delivery group from 26.3% to 21.8%. The divestment fulfills a European Commission regulatory condition tied to Prosus's €4.1-billion acquisition of Just Eat Takeaway.com, which required Prosus to significantly reduce its Delivery Hero stake within 12 months. Prosus has also reportedly held talks with Hong Kong-based Aspex Management about selling a further 10% stake, and has committed to divesting its remaining Delivery Hero shares within the regulatory timeframe.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcentral.co.za/prosus-offloads-4-5-of-delivery-hero-to-uber-for-e270-million/280341/>

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Tags: [#business](https://daily.dev/tags/business), [#uber](https://daily.dev/tags/uber)

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