Deliveroo CEO says he views Delivery Hero stake as a ‘financial investment’ By Reuters

0
43

© Reuters. Deliveroo CEO Will Shu leaves after the “Tech for Good” Summit at the Elysee Palace in Paris, France, May 23, 2018. REUTERS/Christian Hartmann/File Photo

LONDON (Reuters) – The chief executive of food delivery platform Deliveroo said he had not had any talks with his counterpart at Delivery Hero since the German company took a 5.09% stake last week, adding that he viewed the move as financial.

“I think his (Delivery Hero CEO) view was: the stock’s undervalued, I’m gonna start buying, and I know the space super well,” Will Shu said in an interview on Wednesday after Deliveroo published first-half results.

“This is in my view just a financial investment.”

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and…

Read more…