Naspers, via its majority-owned subsidiary Prosus N.V. (“Prosus”), has announced that it has provided an irrevocable undertaking to Uber Technologies, Inc. (“Uber”) to sell all of its remaining 16.8% stake in Delivery Hero SE (“Delivery Hero”) to Uber upon completion of Uber’s recently announced offer to acquire the share capital in Delivery Hero at a purchase price of €41.50 per ordinary share (the “Offer”).
The Offer will be subject to, amongst other things, customary regulatory conditions and the Offer then becoming unconditional and proceeding to implementation in accordance with its terms.
Hengeler Mueller advised Prosus comprehensively on the sale of its stake in Delivery Hero and in connection with the Offer.
Hengeler Mueller team for Prosus
Public M&A: Oda Christiane Goetzke (Düsseldorf) Kai Steffen-Scholz (Berlin, both partner, both lead), Tim Jaeger (senior associate, Düsseldorf), Sophie Stöwe (associate, Berlin).