By Foo Yun Chee BRUSSELS (Reuters) -EU antitrust regulators are seeking feedback from third parties on Prosus' offer to slash its Delivery Hero stake to below 10% to address EU concerns about its 4.1
EU Antitrust Regulators Review Prosus' Plan to Reduce Delivery Hero Stake
By Foo Yun Chee
BRUSSELS (Reuters) -EU antitrust regulators are seeking feedback from third parties on Prosus' offer to slash its Delivery Hero stake to below 10% to address EU concerns about its 4.1 billion euro ($4.77 billion) Just Eat Takeaway deal, a person with direct knowledge of the matter said on Monday.
Amsterdam-headquartered Prosus has proposed incrementally selling down its 27.4% stake in Delivery Hero and giving up its board seat, other people familiar with the matter told Reuters earlier this month.
The company, which is majority owned by South Africa's Naspers, is banking on its AI capabilities to boost Just Eat Takeaway, Europe's biggest meal delivery firm.
The European Commission, which acts as the competition enforcer in the 27-country bloc, did not detail the size of the stake to be sold off in the document sent to third parties, the person said.
Respondents have until July 31 to reply.
The Commission, which will decide on the deal by August 11, declined to comment. Prosus was not immediately available for comment.
Delivery Hero and Just Eat Takeaway compete with each other in Austria, Bulgaria, Italy, Poland and Spain.
($1 = 0.8587 euros)
(Reporting by Foo Yun Chee; Editing by Kirsten Donovan)
