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Investing.com -- Prosus (OTC:PROSF) NV has proposed selling part of its stake in Delivery Hero SE to help secure regulatory approvals for its planned acquisition of Just Eat Takeaway.com NV, according to Bloomberg, citing sources familiar with the situation.
The European Commission has urged Amsterdam-based Prosus to significantly reduce or divest its 27% holding in the German food delivery company, said the sources, who requested anonymity because the discussions are private. Prosus is currently Delivery Hero’s largest shareholder.
The exact portion of the stake that Prosus might sell remains undetermined, and no final decisions have been reached, the sources added. The Dutch technology investor is controlled by South Africa’s Naspers Group.
This potential stake reduction appears to be a key condition for regulatory approval of Prosus’s acquisition of Just Eat Takeaway.com, as authorities likely have concerns about market concentration in the food delivery sector.
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