Delivery Hero Shares Slip as it Flags Potential Antitrust Fine

Shares in Delivery Hero fell as much as 17.4% in early trading on Monday, a day after the German online food takeaway firm said the European Commission might fine it more than 400 million euros ($433 million) due to antitrust violations. The fine would be for alleged anti-competitive agreement to share national markets, exchanges of commercially sensitive information and no-poach agreement, a statement by the Company said. Delivery Hero said that they would cooperate with the Commission’s investigation like they had done before, during the raids of July 2022 and November 2023