Delivery Hero has acquired a Spanish competitor | News

Food company Delivery Hero, which has only recently dropped out of Dax, is gearing up for a multi-billion dollar takeover: a deal to buy Glovo in Spain has been finalized, they say.

At the end of 2021, Delivery Hero announced a takeover in Spain. The acquisition of the Glovo Group cost the food delivery service, which is now back in MDax, more than two billion euros. The transaction has been completed.

As announced by Delivery Hero, Glovo is now owned by the company: all steps have been taken to complete the transaction, only an increase in share capital and subsequent admission to trading are expected. Then you will own 94 percent of Glovo shares, Delivery Hero continues.

Register now and buy Delivery Hero shares

More: https://www.etoro.com/ CFDs are complex instruments and come with a high risk of losing money rapidly through leverage. 67% of retail investor accounts lose money when trading CFDs from this provider. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Together with the Spaniards Glovo, Delivery Hero operates in 74 countries on 4 continents. Lieferando’s rival left Germany after less than a year’s break due to costs. Delivery Hero grew heavily during the Corona crisis, but didn’t do well in the long run.

Delivery heroes’ actions stabilize after a decline

Delivery Hero shares have been eliminated from DAX, but they can’t develop better in MDAX either. After Uniper, stocks are the weakest stock in the midcap 2022 with a loss of around 64 percent. However, the share has stabilized at around € 24-42 for a few weeks, although the MACD (Momentum) is trending sideways and is currently giving a slight boost.

The success of Delivery Hero can be measured with purchase of shares participate. Brave investors can get leverage with Buy CFDs get involved.

It’s that simple to buy stocks on eToro.

The eToro platform offers traders from all over the world the unique opportunity to add shares to their portfolio. From the beginning of 2018, each BUY non-leveraged order causes eToro to buy the underlying asset; it will then be held on behalf of the client. This also applies to cases where you invest in CopyPortfolio or copy an investor: if the copied investor buys shares, you automatically own a portion of his share portfolio.

Trade stocks with eToro, here are the advantages:

  • trust Your shares will be held in your name in an EU regulated company.
  • insurance Your deposit and related assets are insured under CySEC’s Terms of Use.
  • dividends If the company pays dividends, investors will be allocated an appropriate dividend.
  • No care fees Buying stocks on eToro means you no Pay storage and ordering fees as well as commissions. There is a bid-ask spread when buying and selling stocks.
  • Easy-to-use Your warehouse is always available online and via the app.
  • diversification Create a portfolio of stocks, cryptocurrencies, commodities, and more.

Register now and buy shares

About eToro:

For over a decade, eToro has been at the forefront of the global fintech revolution. It is the world’s leading social trading network, with millions of registered users and a host of innovative trading and investing tools. Since the beginning of 2018, eToro allows you to buy and sell stocks.

More: https://www.etoro.com/ CFDs are complex instruments and come with a high risk of losing money rapidly through leverage. 67% of retail investor accounts lose money when trading CFDs from this provider. You should consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.

Leave a Comment