Friday, July 12, 2024

Delivery Hero Says It’s Facing €400 Million Antitrust Fine

(Bloomberg) — Delivery Hero SE may be hit with a fine exceeding €400 million ($434 million) by the European Commission over alleged anti-competitive behavior and will raise the provision it has set aside for this possibility, the food ordering service firm said in a statement Sunday.

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The company said its decision to “significantly increase” a corresponding provision already built in the amount of €186 million and as indicated in its 2023 annual report followed “recent informal engagement” with the European Commission.

“Delivery Hero intends to fully cooperate with the European Commission,” the Berlin-based company said.

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