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European Commission May Fine Delivery Hero Over €400 Million for Anti-Competitive Behavior
Delivery Hero SE, a prominent food ordering service firm, is potentially facing a significant fine exceeding €400 million ($434 million) by the European Commission, following allegations of anti-competitive practices. In a recent statement, the Berlin-based company disclosed its intention to increase the financial provision set aside for this potential penalty, which had initially been documented in the amount of €186 million in its 2023 annual report.
Increased Financial Provision
The decision to considerably uplift the provision comes after what Delivery Hero described as "recent informal engagement" with European Commission representatives. This proactive approach underscores the company's readiness to address the allegations head-on and to comply fully with the Commission's investigation processes.
Commitment to Cooperation
In the statement, Delivery Hero affirmed its commitment to full cooperation with the European Commission. This cooperative stance is seen as a strategic move to mitigate potential financial repercussions and reputational damage amid the ongoing investigation into its business practices.
As the situation develops, observers and stakeholders within the food service industry and beyond are closely monitoring how Delivery Hero navigates this regulatory challenge while continuing to operate and expand its service footprint globally.
