Prosus further reduces stake in Delivery Hero Hong Kong hedge fund Aspex invests nearly 3.1 billion to acquire shares

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Delivery Hero and Tencent Holdings (00700) major shareholder Prosus NV said it reduced its stake in Delivery Hero by 5%, transferring it to Hong Kong hedge fund Aspex Investment (Aspex).

Prosus said it sold approximately 15.1883 million shares of Delivery Hero at €22 per share, raising about €3.35 billion (approximately HK$3.08 billion). The deal price represented about a 10% premium over Delivery Hero’s closing price of €19.99 last Friday.

The stake will increase to approximately 15%

According to reports, after Prosus reduced its stake in Delivery Hero, its holdings fell to 16.8%, while Aspex’s stake will rise to about 15%.

Prosus must significantly cut its stake of approximately 27.4% to below 10% before the summer of this year to eliminate concerns over antitrust issues related to its acquisition of Just Eat Takeaway.com NV. The company sold 4.5% of Delivery Hero to Uber in April at €20 per share, involving 13.582 million shares, for about €270 million.

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