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Delivery Hero may face a fine of over 0.4 billion british pounds for antitrust violations by the European Union.
On July 8th, Glon Hui reported that the British takeaway platform, Delivery Hero, may face a fine of more than 0.4 billion British pounds for allegedly engaging in anti-monopoly behavior as pointed out by the European Union. The platform stated that the fine amount is higher than the group's original amount of 0.186 billion British pounds, so new provisions need to be made for this. Delivery Hero disclosed the above-mentioned issues and made provisions in its 2023 annual report. The company stated on Sunday that it estimated the above-mentioned amount based on further contact with the European Union. The group will continue to cooperate with the authorities' investigation.
Delivery Hero SE (ETR:DHER) Just Released Its Yearly Earnings: Here's What Analysts Think
UPDATE 1-Delivery Hero Ups Revenue Guidance on Rising Orders, Ad Revenue
Deals of the Day-Mergers and Acquisitions
Grab's merger deal with FoodPanda breaks down, Singapore's competition regulator closes related investigations
GLONGHUI, April 1 | The Singapore Competition Authority said on Monday that negotiations between Grab Holdings and Delivery Hero have now broken down. Delivery Hero has been seeking to divest its FoodPanda business in some Southeast Asian markets, and media reports in September last year suggested that Singapore-based Grab might be a potential buyer. The Competition and Consumer Commission of Singapore (CCCS) said it began investigating this potential collaboration in early January. However, Delivery Hero cancelled potential sales plans, Gra
Singapore Competition Watchdog Looked Into Potential Grab, Delivery Hero Deal
