October 28, 2019 / 11:27 AM / 19 days ago

Delivery Hero denies ill intent in sell-down of Takeaway stake

AMSTERDAM, Oct 28 (Reuters) - German online food ordering service Delivery Hero on Monday denied its ongoing sell-down of shares in Dutch rival Takeaway.com is related to a takeover battle for a third company, Britain’s Just Eat.

Delivery Hero is 22% owned by Prosus, which last week made a $6.3 billion cash bid to buy Just Eat. The British firm had already agreed to an all-share offer from rival Takeaway.com.

“We categorically refute all allegations made by certain parties regarding” our shares sale, Delivery Hero said in a statement.

Earlier on Monday investor Cat Rock alleged that Delivery Hero was selling Takeaway shares in order to keep them artificially suppressed and lower the attractiveness of Takeaway’s all-share offer for Just Eat. (Reporting by Toby Sterling; Editing by Jan Harvey)

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