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


© 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.”

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