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Delivery Hero Warns of Potential €400M Antitrust Fine; Shares Fall 17%

Jul 8, 2024, 08:00 AM

Delivery Hero, the Berlin-based food delivery giant, has warned investors that it may face a fine exceeding €400 million ($434 million) from the European Commission over alleged anti-competitive behavior. The potential antitrust fine stems from investigations carried out by the European Commission in July 2022 and November 2023. Following the announcement, shares in Delivery Hero fell as much as 17%.