EU Fines Delivery Hero, Glovo $373 Million in Cartel Pro

The European Commission fined food delivery companies Delivery Hero and Glovo 329 million euros ($373.4 million) over what it said were cartel practices before Delivery Hero acquired a controlling stake in its Spanish competitor in 2022.

The European Union antitrust regulator said on Monday that it fined the companies after it found they had agreed not to steal each other's staff, shared commercially sensitive information with each other and carved up geographic markets between themselves within the EU for four years. Delivery Hero held...

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