Reported about 1 year ago
Delivery Hero's shares plummeted by 17.4% after the German online food delivery company revealed the possibility of facing a fine exceeding 400 million euros from the European Commission for alleged antitrust violations. The potential fine is related to accusations of anti-competitive agreements and the sharing of sensitive information. Delivery Hero stated its cooperation with the Commission's investigation, indicating a significant increase in its provision. The company's challenges lie in the implications of the fine rather than its financial impact.
Source: YAHOO