“Delivery Hero’s own market position as well as Prosus’ position as the largest shareholder in Delivery Hero in itself gives rise to a conflict of interest,” Takeaway.com said in a statement.
Internet conglomerate Prosus PRX.AS, which made an unsolicited $6.3 billion offer to buy Just Eat, is the largest shareholder in Delivery Hero with a 22.3% stake.
Before Prosus’s bid was announced, Delivery Hero began selling down its stake of 8 million shares, or 13%, in Takeaway, by 3 million shares.
(This story corrects headline and paragraph 1 to remove reference to deal value)
Reporting by Tanishaa Nadkar in Bengaluru; Editing by Aditya Soni
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