محمد يحي
- Uber Technologies has announced an increase in its stake in German food delivery company Delivery Hero, as part of its strategy to strengthen its presence in the global delivery market.
- Uber now holds 19.5% of Delivery Hero’s shares, in addition to a further 5.6% through options.
- The company also confirmed that it currently has no plans to pursue a full acquisition of the German food delivery firm.
Uber Technologies has increased its stake in German food delivery company Delivery Hero, reflecting its ambition to strengthen its position in the global delivery market and compete more aggressively with DoorDash outside the United States.
Delivery Hero said Uber now owns 19.5% of the company’s shares, in addition to 5.6% through options, up from just 7% in April after purchasing €270 million worth of shares from Prosus NV, the company’s largest shareholder.
Uber confirmed that it currently has no plans to fully acquire Delivery Hero or exceed the 30% voting rights threshold, though it noted that its stake could change depending on market conditions and future opportunities.
Following the announcement, Delivery Hero shares rose 5.6% on the Frankfurt Stock Exchange, while Uber shares posted slight gains.
Uber has been expanding its international footprint through investments and acquisitions, particularly as rivals such as DoorDash continue to grow globally. DoorDash recently strengthened its European presence through the acquisition of UK-based Deliveroo.
Delivery Hero operates in more than 60 countries, giving Uber broader access to new markets, especially in Europe, where it faces strong competition from DoorDash-owned Wolt.
Meanwhile, Delivery Hero is reviewing ways to improve its financial and operational performance amid growing investor pressure, following last week’s announcement that CEO Niklas Östberg would step down from his position.
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