Extension – Delivery Hero buys – economy

Food delivery service Delivery Hero invests in UK competitor Deliveroo. The company announced that it had acquired 5.09% of the shares of Deliveroo. Deliveroo – Amazon also owns a stake in the company – and Delivery Hero declined to give other details such as the purchase price. Deliveroo stock, meanwhile, climbed more than nine percent to 356 pence, the highest level since the stock market debut in March. The group Dax Delivery Hero, which should have paid more than 300 million euros for the action, lost more than one percent. Regarding the participation, Delivery Hero said he is always on the lookout for new investment opportunities. Delivery Hero has a history when it comes to investing in competitors. The company owns more than seven percent of Just Eat Takeaway and is also part of Rappi and Zomato in India and Glovo in Spain.

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