Prosus sells 5% Delivery Hero stake to Aspex Management
Updated
Updated · Bloomberg · May 11
Prosus sells 5% Delivery Hero stake to Aspex Management
8 articles · Updated · Bloomberg · May 11
The Amsterdam-based investor said Monday the deal will raise about €335 million, or $395 million, and is priced at a 22% premium to Delivery Hero's 30-day volume-weighted average price.
The transaction adds Hong Kong-based Aspex as a significant shareholder in the German food-delivery group.
It follows Prosus's earlier sale of a 4.5% Delivery Hero stake to Uber Technologies, continuing a reduction of its holding through strategic disposals.
With an activist investor now on board, what is the ultimate endgame for Delivery Hero's struggling food delivery business?
How does Prosus's sale signal a bigger strategic pivot for tech investors beyond just cashing out their stakes?
As giants like Uber and DoorDash expand, is the global food delivery war entering its final, brutal consolidation phase?