The EU imposed the share sale as part of antitrust remedies in order to approve Prosus’ acquisition of Just Eat Takeaway.

Tech investor Prosus has asked the European Union to not force it to sell off Delivery Hero shares, as Uber eyes an acquisition of the German food delivery group, Bloomberg reported, citing sources close to the matter.

The European Commission imposed the share sale as part of a series of antitrust remedies in order to approve Prosus’ €4.1bn acquisition of Just Eat Takeaway in August 2025.

The EU was concerned that Prosus’ near 30pc stake in Delivery Hero – a Just Eat Takeaway competitor – would cause less competition and a higher likelihood of coordination between the two companies, which could lead to higher prices for consumers.

Naspers, Prosus’ parent company, had agreed to reduce its shareholding in Delivery Hero to a “single digit percentage” by August this year.

The company also committed not to exercise the voting rights it has with its remaining shares in the company and to not increase its equity in the company above a certain threshold for a “specified considerable time”.

Currently, Prosus holds around 17pc of Delivery Hero, with other shares held by a number of large investors.

Prosus, however, does not want to sell its stake in Delivery Hero as Uber continues to eye the food delivery group for acquisition.

The ride hailing giant is reportedly considering upping its bid to purchase Delivery Hero, after an offer – which would have valued the company at more than €11.5bn – was rejected.

Last week, Delivery Hero said that Uber made an offer to purchase the company at €33 per share.

Meanwhile, sources told the Financial Times that Uber approached one of Delivery Hero’s largest shareholders with an offer of €38 per share. Both of the offers were rebuffed.

Delivery Hero shares went up by more than 12pc today to nearly €38 per share.

Last year, the EU fined Delivery Hero and Spanish delivery start-up Glovo €329m for participating in a “cartel” in the online food delivery sector for exchanging commercially sensitive information and allocating geographic markets.

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