May 18 (Reuters) – Uber has ratcheted up its stake in Delivery Hero, becoming the German firm’s top shareholder, according to LSEG data.
Delivery Hero said on Monday its rival had bought additional shares and instruments in the company and now holds 19.5% of Delivery Hero’s issued capital.
This puts it ahead of Dutch technology investor Prosus’s previous 16.8% holding, according to the data.
“Delivery Hero welcomes Uber’s additional investment as a further endorsement of its platform and Everyday App strategy,” the company said in a statement.
Shares in Delivery Hero were up 4.6% at 1515 GMT after jumping as high as 7%.
Uber bought a 4.5% stake in Delivery Hero from Prosus in April, and activist investor Aspex Management raised its stake to about 15% in May.
(Reporting by Emanuele Berro, Editing by Rachel More)
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