Berlin. (dhh) Delivery Hero Holding S.E., the world’s leading local delivery platform, may ultimately face a fine that may exceed EUR 400 million for alleged anti-competitive agreement to share national markets, exchanges of commercially sensitive information and no-poach agreements. Therefore, the Management Board decided that the Company intends to significantly increase a corresponding provision already built (as indicated in Delivery Hero’s 2023 annual report) in the amount of EUR 186 million following unannounced inspections carried out by the European Commission in July 2022 and November 2023. The intent to increase the provision is based on recent informal engagement with the European Commission and subsequent detailed analysis. Delivery Hero intends to fully cooperate with the European Commission as it did during the unannounced inspections in July 2022 and November 2023.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- LG Chem and ADM: Joint Ventures in Illinois are canceled
- Wendy’s: Company plans to expand into Europe
- Emmi Group: intends to acquire Mademoiselle Desserts
- AB Foods: announces strong H1-2024 performance
- DSM-Firmenich: Queen Maxima inaugurates new dual head office
- RBI: Announces Investments to Drive Growth in China
- Europastry S.A.: puts its IPO process on hold
- McCormick: Reports Second Quarter Performance
- Reborn Coffee: Closes Master License Agreement for UAE
- General Mills: Reports Fiscal 2024 Fourth-Quarter Results
- SunOpta expands plant for processing plant-based beverages
- Britannia: Operating profit grew 10 percent in FY-2023
- Tate + Lyle and CP Kelco to merge to leading global player
- Ülker Bisküvi: announces Q1-2024 financial results
- Europastry: intends to go public on the Spanish stock exchange
- Europastry S.A.: publishes 2023 Annual Report
- Swisslog: announces new Americas region headquarters
- Reborn Coffee: Expanding Omni-Channel Strategy
- Mondelez International and Lotus Bakeries Join Forces
- La Lorraine: completes new joint venture in the USA
