EU antitrust regulators have launched a probe into Delivery hero and Glovo on concerns the two firms may have taken part in an online food delivery cartel.
BERLIN, GERMANY - SEPTEMBER 04: The Delivery Hero office photographed on September 04, 2020 in Berlin, Germany. BRUSSELS - EU antitrust regulators on Tuesday launched an investigation into German online food takeaway firmand its Spanish unit Glovo on concerns that the two companies may have taken part in an online food delivery cartel.
Earlier this month, Delivery Hero warned that the European Commission might fine it more than 400 million euros due to antitrust violations.Delivery Hero held a minority share in Glovo in 2018 and acquired sole control in July 2022. "The Commission is concerned that, before the takeover, Delivery Hero and Glovo may have allocated geographic markets and shared commercially sensitive information," the EU watchdog said.
It said the companies may have agreed not to poach each other's employees and that these practices may have been facilitated by Delivery Hero's minority share in Glovo. "Online food delivery is a fast-growing sector, where we must protect competition," EU antitrust chief Margrethe Vestager said in a statement.
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