Increased provision by 186 mln eur (Il Sole 24 Ore Radiocor) - Berlin, 08 Jul - Germany's Delivery Hero said it may face a European Union fine that of over 400 million euros for alleged anti-competitive agreement to share national markets, exchanges of commercially sensitive information and no-poaching agreements.

It added that it will increase a corresponding provision already built in the amount of 186 million euros following unannounced inspections carried out by the European Commission in July 2022 and November 2023.

The intent to increase the provision is based on recent informal engagement with the European Commission and subsequent detailed analysis, it said.

Delivery Hero intends to fully cooperate with the European Commission as it did during the unannounced inspections in July 2022 and November 2023.

AAA-Sch

(RADIOCOR) 08-07-24 08:02:40 (0056) 5 NNNN