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EU regulators seek feedback on Prosus' offer to sell down Delivery Hero stake
EU regulators seek feedback on Prosus' offer to sell down Delivery Hero stake

Reuters

time2 days ago

  • Business
  • Reuters

EU regulators seek feedback on Prosus' offer to sell down Delivery Hero stake

BRUSSELS, July 28 (Reuters) - EU antitrust regulators are seeking feedback from third parties on Prosus' offer to slash its Delivery Hero ( opens new tab stake to below 10% to address EU concerns about its 4.1 billion euro ($4.77 billion) Just Eat Takeaway ( opens new tab deal, a person with direct knowledge of the matter said on Monday. Amsterdam-headquartered Prosus has proposed incrementally selling down its 27.4% stake in Delivery Hero and giving up its board seat, other people familiar with the matter told Reuters earlier this month. The company, which is majority owned by South Africa's Naspers (NPNJn.J), opens new tab, is banking on its AI capabilities to boost Just Eat Takeaway, Europe's biggest meal delivery firm. The European Commission, which acts as the competition enforcer in the 27-country bloc, did not detail the size of the stake to be sold off in the document sent to third parties, the person said. Respondents have until July 31 to reply. The Commission, which will decide on the deal by August 11, declined to comment. Prosus was not immediately available for comment. Delivery Hero and Just Eat Takeaway compete with each other in Austria, Bulgaria, Italy, Poland and Spain. ($1 = 0.8587 euros)

Mysterious Buyer in First Bank Spurs Nigerian Regulator's Query
Mysterious Buyer in First Bank Spurs Nigerian Regulator's Query

Bloomberg

time22-07-2025

  • Business
  • Bloomberg

Mysterious Buyer in First Bank Spurs Nigerian Regulator's Query

A week after tycoons Foluke Oyeleye and Ayoola Otudeko sold their stake in the owner of Nigeria's oldest bank the identity of the new investor is still under wraps, spurring queries by the market regulator and investors. Barbican Capital Ltd., managed by Oyeleye and Otudeko, and other investors sold about 25% of First HoldCo Plc, the parent of First Bank of Nigeria Ltd., on July 16, according to data provided by Nigeria's Securities and Exchange Commission.

Ibex, formerly Steinhoff, sells entire Pepkor stake for $1.5bn
Ibex, formerly Steinhoff, sells entire Pepkor stake for $1.5bn

The Herald

time22-07-2025

  • Business
  • The Herald

Ibex, formerly Steinhoff, sells entire Pepkor stake for $1.5bn

Ibex Investment Holdings, formerly known as Steinhoff International, sold its entire 28% stake in clothing retailer Pepkor for $1.5bn (R26.4bn) via an accelerated book-building process. The company offered about one billion shares worth R28bn, according to the terms of the deal published on Monday. A bookrunner for the deal said on Tuesday the shares were priced at R25.45 per share. Steinhoff changed its name to Ibex in 2023 as part of a restructuring prompted by its 2017 accounting fraud that led to a stream of lawsuits and hefty losses. As part of efforts to lower its mountain of debt, Ibex had been lowering its stake in Pepkor, which owns the Pep and Ackermans clothing brands, over the past few years. Reuters

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