Delivery Hero plans to sell its 4.5% Deliveroo stake, causing a 4.3% drop in Deliveroo shares amid a food delivery market slowdown.

Deliveroo shares fell by 4.3% following news that rival firm Delivery Hero plans to sell its near 4.5% stake in the company, equating to approximately 68.2 million shares. The announcement came amid an ongoing slowdown in the food delivery market and may lead to further consolidation within the European food delivery market.

January 29, 2024
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