Prosus divests $394 million Delivery Hero stake to meet EU rules

Prosus N.V., the global internet group linked to Koos Bekker, has agreed to sell 15.19 million shares in Delivery Hero to Aspex Management, representing 5% of the German food delivery firm’s issued share capital. The shares were sold at €22 ($25.89) each, translating to total gross proceeds of roughly €335 million ($394.03 million).

The transaction, priced at roughly 10% premium to the stock’s closing price and 22% premium to Delivery Hero’s one-month volume-weighted average price as of May 8, 2026, comes 25 days after offloading roughly €270 million ($318.5 million) worth of shares about 4.5% of the German food delivery firm’s issued share capital sold at €20 ($23.58) each, to Uber Technologies, advancing its commitments tied to European Union antitrust approvals linked to its acquisition of Just Eat Takeaway.com.

Prosus advances EU regulatory commitments 

The latest divestment comes as Prosus continues reshaping its holdings after securing European Commission approval for its takeover of Just Eat Takeaway.com in August 2025. Under the terms of the approval, the European Commission required Prosus to significantly reduce its ownership in Delivery Hero to address competition concerns in Europe’s food delivery market. 

This latest transaction marks another step toward fulfilling those obligations while allowing Prosus to retain a sizable minority interest in the Berlin-based delivery group. Prosus said the deal with Aspex Management was executed at a premium valuation, signaling continued investor confidence in Delivery Hero despite broader volatility across global technology and consumer internet stocks.

Delivery Hero remains central to Prosus strategy 

Delivery Hero has long been one of Prosus’s largest publicly traded investments outside its stake in Tencent Holdings Ltd. The company operates across more than 70 countries spanning Europe, Asia, the Middle East, Latin America, and parts of Africa.

The latest share sale reduces Prosus’s exposure to the food delivery sector while strengthening liquidity as the company integrates Just Eat Takeaway.com into its broader e-commerce ecosystem.

Prosus sharpens portfolio focus

Prosus N.V., founded in 1997 under the leadership of Koos Bekker, has grown into a global consumer Internet group and one of the world’s largest technology investors. The group, a division of the renowned South African multinational conglomerate Naspers, which is also run by Bekker, has a diverse international portfolio that includes investments in top fintech, social media, ed-tech, and food delivery system firms. Bekker’s nearly 1% stake in Prosus is worth more than half a billion dollars as of the time of writing.

The sale underscores how European regulators are increasingly scrutinizing consolidation in the global food delivery market, particularly among companies with overlapping geographic operations and platform dominance. For Prosus, the divestment helps unlock capital while satisfying regulatory commitments tied to one of the largest recent transactions in Europe’s consumer internet sector. The deal further signals sustained institutional investor interest in large-scale technology platforms despite pressure on valuations across the broader tech sector.