The EU launched an investigation on Tuesday to determine whether online food-delivery companies Delivery Hero and Glovo engaged in anti-competitive practices.
The probe comes after surprise raids at the firms, which are two of the largest food delivery companies in Europe, in June 2022 and November 2023.
From July 2018, Delivery Hero, based in Germany, held a minority share in Glovo, and in July 2022 it acquired sole control.
The European Commission is concerned that before the takeover, the two companies “may have allocated geographic markets and shared commercially sensitive information (e.g., on commercial strategies, prices, capacity, costs, product characteristics)”, it said.
Delivery Hero’s then minority share could have “facilitated” these practices.
Earlier this month, Delivery Hero warned that it faced a possible fine of more than 400 million euros ($434 million) for allegedly violating antitrust rules.
Delivery Hero and Glovo said in separate statements they were “fully” cooperating with …