400 million expects German corporate colossus to pay, according to German press reports. Countess has been investigating the case for years and yesterday (07.07. 24) at night the company announced that it should expect a significantly higher fine from Brussels. Delivery Hero (p. in the “international community” of which efood belongs in Greece, according to what the Delivery Hero portal says) had previously put aside only 186 million euros for the conflict with the Commission, which has been ongoing for years. Now the group must expect a fine of over EUR 400 million and increases its forecasts accordingly, according to Handelsblatt. The next bad news about Delivery Hero caused in a short time sales on the stock market. The share, which had recently recovered somewhat, initially retreated by about 17% initially today, although the fall declined, later, to 6%. Initially, investigations by the EU competition authority focused on the alleged market share between Delivery Hero and Glovo’s Spanish competitor, which was acquired in early 2022. Both companies had previously sold each other’s national companies to streamline their portfolios. In 2020, for example, Delivery Hero purchased Glovo’s activities in nine South American countries against around EUR 230 million. Delivery Hero: also facing fine in Spain The suspicions of cartel formation have not stopped there. There are now suspicions about the exchange of commercially sensitive data and about the ban on illegal labour. As part of the investigations, the offices in Berlin and Barcelona were investigated twice by the competition authorities. Delivery Hero stressed that she is fully cooperating with the European Commission. Glono is not only targeted by the European Commission. The subsidiary of Delivery Hero in Spain is also faced with a fine of up to EUR 300 million for infringements of labour law. According to the report, Glono did not treat some distribution drivers as employees. The ongoing investigations by the EU Commission and the case of labour legislation are not currently the only problems of the Delivery Hero. The company continues to seek financial director after the departure of Emanuel Thomassin. Marie-Anne Pop now holds the position, but only temporarily. At the same time, the recent news that Chinese competitor Meituan is planning to launch the Keeta application in Saudi Arabia has caused turmoil. So far, Meituan has focused heavily on China, which has benefited Delivery Hero. Clément Genelot from Bryan, Garnier & Co. stated about the many negative news of the last space: “In combination, they burden the minds of investors and create an atmosphere of mistrust. It makes you wonder what else happens in the background.”