EU Investigates Delivery Hero and Glovo for Alleged Cartel Activities
Tuesday, 23 July 2024, 10:35
Overview of the Investigation
The European Commission has launched an antitrust investigation against Delivery Hero and its subsidiary, Glovo. The authorities in Brussels suspect that these companies have engaged in collusive practices in the areas of online ordering and the delivery of food and everyday products.
Allegations of Collusion
- The investigation targets suspected cartel activities.
- Focus on the delivery services market in the European Union.
- Potential implications for Delivery Hero stock performance and operational procedures.
Conclusion
The outcome of this investigation could reshape the competitive landscape of the delivery services sector in the EU. Companies like Delivery Hero and Glovo may need to revise their practices to comply with regulations and avoid penalties.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.