An Uber Eats courier is seen in Krakow, Poland, on Aug. 21, 2025.
Jakub Porzycki | Nurphoto | Getty Pictures
Uber on Friday agreed to buy a further 4.5% of shares of German meals supply agency Supply Hero from the corporate’s largest shareholder Prosus.
Whole gross proceeds to Prosus are roughly 270 million euros ($318 million), the corporate mentioned. Uber can pay 20 euros a share, which is under Supply Hero’s Thursday closing worth following a 7% rally within the inventory. Nevertheless, it’s a 22% premium to the 1-month common share worth, Prosus mentioned.
The transfer comes after Prosus final yr supplied a deal to purchase European meals supply big Simply Eat Takeaway.com for 4.1 billion euros. Nevertheless, that acquisition bumped into scrutiny from the European Fee, the EU’s government arm, which mentioned it might approve the deal if Prosus considerably lowered its shareholding in Supply Hero.
“Prosus stays dedicated to promoting the related portion of its stake in Supply Hero throughout the required timeframe,” the corporate mentioned in a press launch on Friday.
Prosus’s now owns round 21% of Supply Hero versus roughly 27% when the Simply Eat Takeaway.com deal was introduced final yr, a spokesperson informed CNBC.
Uber first took a stake in Supply Hero when it bought $300 million of newly-issued shares in 2024.
Since Prosus’s Simply Eat deal final yr, European regulators are rethinking their strategy to mergers within the EU. The Monetary Instances reported this week that the Fee is contemplating enjoyable guidelines round giant mergers by giving extra weight to “innovation, funding and resilience of the inner market”, when contemplating offers.
Europe’s competitors commissioner Teresa Ribera informed the FT in an interview that the bloc needs to encourage “pro-competitive mergers” that enable European corporations to “be related gamers in world markets.”
Fabricio Bloisi, CEO of Prosus, has beforehand criticised Europe’s strategy to mergers and acquisitions.
In an interview with CNBC in January, Bloisi mentioned huge mergers are required to compete globally however Europe’s strategy had been to forestall consolidation.
“Now we have to vary that to create actually huge corporations in Europe,” Bloisi informed CNBC.