© 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.”