Prosus sells 5% stake in Delivery Hero for around $394m

Prosus sells 5% stake in Delivery Hero for around $394m

FILE PHOTO: Cyclists drive past an advertisement promoting the grocery delivery company "foodpanda", in Berlin, Germany, August 13, 2021. Picture taken August 13, 2021. REUTERS/Christian Mang/File Photo

Dutch technology investor Prosus said on Monday it had sold a 5% stake in Delivery Hero to Aspex Management, taking gross proceeds of around 335 million euros ($394 million).

The transaction price represents an about 22% premium to the 30-day volume-weighted average price of Delivery Hero‘s shares as of May 8.

($1 = 0.8508 euros)

Reuters

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