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PROSUS N.V - Prosus increases stake in Delivery Hero

Release Date: 31/08/2021 10:15
Code(s): PRX     PDF:  
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Prosus increases stake in Delivery Hero

Prosus N.V.
(Incorporated in the Netherlands)
(Legal Entity Identifier: 635400Z5LQ5F9OLVT688)
AEX and JSE Share Code: PRX ISIN: NL0013654783


Prosus has entered into an agreement to acquire an additional 2.5% stake in Delivery Hero
(FRA:DHER.GR), subject to regulatory approval, through its subsidiary, MIH Food Holdings B.V.

Prosus believes acquiring the additional stake is a sound financial investment that will afford it
the ability to offset any potential future dilution which may occur in the normal course from, for
example, convertible issuances, employee exercises and/or stock issuances. Prosus may
increase its stake in Delivery Hero if future opportunities arise to obtain further shares at
attractive terms, but Prosus has no intention of exceeding an aggregate shareholding of 29.99%.

MIH Food Holdings B.V. currently holds 24.97% of Delivery Hero, which will increase to 27.47%
post receipt of regulatory approval and closing of the transaction, expected by the end of
September 2021. Prosus will remain the largest shareholder in Delivery Hero.

Growing its position in online food delivery is consistent with Prosus’s strategy to invest in
platforms with global potential that offer online marketplace services in high-growth markets.
Delivery Hero, along with Swiggy, iFood, Wolt, Oda and Flink comprise the Food Delivery
portfolio, which has a presence across 69 markets across the world.

The transaction will be funded from existing resources.

Amsterdam, the Netherlands
31 August 2021

JSE sponsor to Prosus
Investec Bank Limited


Investor Enquiries                                         +1 347-210-4305
Eoin Ryan, Head of Investor Relations

Media Enquiries                                            + 31 6 29721038
Sarah Ryan, International Media Relations

About Delivery Hero

Delivery Hero is the world’s leading local delivery platform, operating its service in around 50 countries across Asia,
Europe, Latin America, the Middle East and North Africa. The company started as a food delivery service in 2011 and
today runs its own delivery platform on four continents. Additionally, Delivery Hero is pioneering quick commerce, the
next generation of e-commerce, aiming to bring groceries and household goods to customers in under one hour and
often in 10 to 15 minutes. Headquartered in Berlin, Germany, Delivery Hero is listed on the Frankfurt stock exchange
since 2017, and became part of the leading index DAX (Deutscher Aktienindex) in 2020. For more information, please

About Prosus

Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and
investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that
empower people and enrich communities.

The group is focused on building meaningful businesses in the online classifieds, food delivery, and payments and fintech
sectors in markets including India, Russia and Brazil. Through its ventures team, Prosus invests in areas including edtech
and health, Prosus actively seeks new opportunities to partner with exceptional entrepreneurs who are using technology
to improve people’s daily lives.

Every day, millions of people use the products and services of companies that Prosus has invested in, acquired or built,
including Avito, Brainly, BYJU’S, Bykea, Codecademy, DappRadar, dott, ElasticRun, eMAG, Eruditus, Honor, iFood, Klar,
LazyPay, letgo, Meesho, Movile, OLX, PayU, Red Dot Payment, Remitly, SimilarWeb, Shipper, Skillsoft, SoloLearn,
Swiggy, and Udemy.

Hundreds of millions of people have made the platforms of its associates a part of their daily lives. For listed companies
where we have an interest, please see: Tencent (; SEHK:00700), (;
LSE:MAIL), Group Limited (“”) (NASDAQ:TCOM), and Delivery Hero (;

Today, Prosus companies and associates help improve the lives of around a fifth of the world’s population.

Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and secondary listings on the Johannesburg Stock
Exchange (XJSE:PRX) and a2X Markets (PRX.AJ), and is majority owned by Naspers.

For more information, please visit


The information contained in this document may contain forward-looking statements, estimates and projections.
Forward-looking statements involve all matters that are not historical and may be identified by the words “anticipate”,
”believe”, ”estimate”, ”expect”, ”intend”, ”may”, ”should”, ”will”, ”would” and similar expressions or their negatives, but
the absence of these words does not necessarily mean that a statement is not forward-looking. These statements reflect
Prosus’s intentions, beliefs or current expectations, involve elements of subjective judgement and analysis and are based
upon the best judgement of Prosus as of the date of this document, but could prove to be wrong. These statements are
subject to change without notice and are based on a number of assumptions and entail known and unknown risks and
uncertainties. Therefore, you should not rely on these forward-looking statements as a prediction of actual results.

Any forward-looking statements are made only as of the date of this document and neither Prosus nor any other person
gives any undertaking, or is under any obligation, to update these forward-looking statements for events or
circumstances that occur subsequent to the date of this document or to update or keep current any of the information
contained herein, any changes in assumptions or changes in factors affecting these statements and this document is not
a representation by Prosus or any other person that they will do so, except to the extent required by law.

Date: 31-08-2021 10:15:00
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