PROSUS SEEKS EU WAIVER ON DELIVERY HERO STAKE SALE

Prosus NV is pushing back against an EU-mandated requirement to sell its stake in Delivery Hero SE. The divestment was a key condition in the EU's approval of Prosus's acquisition of another delivery platform. The South African multinational argues the forced sale should be dropped. People familiar with the matter confirmed Prosus submitted the request to European regulators. Antitrust authorities typically impose such requirements to prevent market concentration. However, Prosus contends circumstances may have changed since the original approval, or that the divestment is no longer necessary to address competitive concerns. Delivery Hero operates across multiple markets and represents a significant asset for Prosus's portfolio. The outcome of this request could affect the company's strategic positioning in the competitive European delivery sector. The EU has not yet responded publicly to the waiver request.