Aspex raises Delivery Hero stake to 15 percent
Activist investor Aspex Management acquired a 5 percent stake from Prosus for 335 million euros, increasing its total holding to 15 percent. The Hong Kong-based firm is calling for regional withdrawals and leadership changes ahead of the food delivery group's annual general meeting in June.
Xurve View
Insights:
Xurve View
Aspex Management raised its stake in DELIVERY HERO SE to 15% after a €335M purchase from PROSUS NV. The deal priced shares at €22, representing a 10% premium to the previous Friday closing price. The increased holding ramps up activist pressure on CEO Niklas Oestberg to exit specific regions and improve shareholder value.
