AMCU approves Uber's acquisition of Delivery Hero and control over Glovo in Ukraine

AMCU approves Uber's acquisition of Delivery Hero and control over Glovo in Ukraine
AMCU approves Uber's acquisition of Delivery Hero and control over Glovo in Ukraine

Regulator's approval of the deal

The Antimonopoly Committee of Ukraine has officially approved the transaction involving the acquisition of German company Delivery Hero by the US platform Uber. This entity controls the popular order delivery service Glovo.

Financial details and asset distribution

The total value of the deal is estimated at $14.8 billion. Under the terms of the agreement, Uber offered Delivery Hero investors a price of €41.50 per company share.

The ownership structure of the assets following the completion of the procedure will be divided as follows:

  • Control over the Glovo service in Ukraine and ten other countries worldwide will pass to Uber.
  • Glovo assets in Poland, Romania, Moldova, Spain and Portugal will be acquired by investment company SSW Partners.

Geographic presence after the merger

Upon completion of the deal, Uber will operate in 99 markets worldwide.

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