Prosus offers remedies to address EU concerns about Just Eat deal

Prosus has offered to slash its Delivery Hero stake to below 10% and give up its board seat to address EU concerns over its 4.1 billion euro ($4.78 billion) Just Eat Takeaway deal, a person with direct knowledge of the matter said on Friday.

Prosus, which is majority owned by South Africa's Naspers , earlier said it had offered remedies to the European Commission but did not provide details.

The company's assurances to the Commission that it does not control nor influence the German meal delivery company Delivery Hero despite its 27.4% stake failed to convince the EU competition enforcer, people with direct knowledge of the matter said.


Delivery Hero and Just Eat Takeaway compete with each other in Austria, Bulgaria, Italy, Poland and Spain.

Delivery Hero and its Spanish unit Glovo were fined 329 million euros by the EU antitrust watchdog last month for taking part in a cartel which included an agreement not to poach each other's employees.

"We have submitted remedies that directly and comprehensively address the concerns expressed in their preliminary assessment, with a view to obtaining a Phase 1 approval," Prosus said in a statement