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Delivery Hero scales Glovo

The German group conquers 80% of the Spanish company

The German Delivery Hero, present with its own brand and a network of local partners in four continents, has signed an agreement with some Glovo shareholders to acquire an additional 39.4% stake in the Spanish company in exchange for Delivery Hero shares, becoming the majority shareholder. Delivery Hero has been a Glovo investor for many years and currently holds around 44%.The closing of the transaction...

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EFA News - European Food Agency