The European Commission has extended the deadline for Dutch technology investor Prosus to fulfill its commitment to downsize its minority stake in Berlin-based food delivery giant Delivery Hero.(Reuters)
The divestment requirement stems from Prosus’s acquisition of rival food delivery platform Just Eat Takeaway last year. To secure EU antitrust approval for that transaction, Prosus—which is majority-owned by South African conglomerate Naspers—voluntarily offered concessions to ease competition concerns. Among these remedies was a pledge to slash its 27.4% holding in Delivery Hero down to a minimal, single-digit percentage within a 12-month period.
A spokesperson for the European Commission confirmed that on May 29, 2026, regulators accepted a request from Naspers to prolong the implementation timeline, though the exact duration of the new deadline remains confidential. The Commission clarified that the divestiture terms were proposed entirely by Prosus rather than being imposed externally by regulators, and noted that the company is still strictly required to comply fully with the agreed remedies.
The delay in the sell-down has heavily influenced market dynamics, opening a window for competitor Uber to step in. Uber has aggressively built up its footprint, more than doubling its ownership to approximately 19.5% to eclipse Prosus as Delivery Hero’s largest shareholder.
Prosus has positioned its entry into Europe’s frontline food market as a transformational move. At the time of the acquisition, Prosus Chief Executive Officer Fabricio Bloisi expressed strong optimism for the consolidation, describing it as a unique opportunity to build a “European tech champion” by pairing Just Eat Takeaway’s prominent regional footprint with Prosus’s global portfolio, technical backing, and artificial intelligence capabilities.
