Dutch technology investor Prosus is considering selling a roughly 10% stake in Germany’s Delivery Hero, in which it is the largest shareholder, to Hong Kong-based Aspex Management, Bloomberg News reported on Friday, citing people familiar with the matter.
Preliminary discussions have already taken place, the report said. Aspex is currently the food delivery company’s second-largest shareholder with a 9.2% stake. A transaction could lift that to roughly 19%, positioning Aspex to overtake Prosus.
Prosus currently owns around 26.8% of Frankfurt-listed Delivery Hero.
Delivery Hero, Prosus and Aspex all declined Reuters requests for comment.
Earlier this week, Aspex urged Delivery Hero’s supervisory board to oust the CEO and his top management team, escalating the investor’s push for a strategic overhaul.
Source: Reuters.com