April 17 (Reuters) - Dutch technology investor Prosus has agreed to sell a 4.5% stake in Delivery Hero to Uber for about 270 million euros ($318.06 million), making the ride-hailing group the fourth-largest shareholder in the Berlin-based food-delivery group.
The sale advances Prosus' compliance with conditions set by the European Commission for its acquisition of Just Eat Takeaway, which required the company to cut its Delivery Hero stake to address food delivery competition concerns.
The deal, announced
on Friday, makes Uber the fourth largest Delivery Hero shareholder with a stake worth more than $600 million, according to Reuters calculations and LSEG data.
The acquisition comes as Uber is expanding aggressively in Europe, with plans to launch food-delivery services in markets including Austria, Czech Republic, Denmark, Greece, and Romania, targeting an additional $1 billion in gross bookings over three years.
In March 2025, Uber terminated an agreement to buy Delivery Hero's Foodpanda business in Taiwan after Taiwan blocked the $950 million deal because of competition concerns.
A separate agreement for Uber to buy $300 million worth of newly issued Delivery Hero shares was not affected by the termination of the Foodpanda deal.
Prosus said on Friday it is selling 13.6 million Delivery Hero shares at 20 euros each, reducing its stake to 21.8% from 26.3%.
Prosus is looking to reduce its Delivery Hero stake to single digits.
Under the European Commission's requirement, Prosus must also refrain from recommending or appointing any individuals connected with Prosus and its majority owner Naspers to Delivery Hero's management or supervisory boards.
($1 = 0.8489 euros)
(Reporting by Raechel Thankam Job and Yamini Kalia in Bengaluru; Editing by Mrigank Dhaniwala and Jane Merriman)
