Delivery Hero stock gains Ukraine clearance milestone for Uber deal

Ukraine's Antimonopoly Committee approved Uber's indirect control of Glovo's Ukrainian business on Thursday, November 5, adding another regulatory milestone to the proposed takeover of Delivery Hero. Yahoo Finance reported the decision on Friday, November 6.

Delivery Hero owns the Ukrainian operations of Glovo, the delivery company it acquired in 2022. The approval allows Uber International Technologies II Corporation to gain indirect control of that local business as part of the wider transaction announced by Uber on July 16.

Ukraine Approval Advances Transaction

The proposed deal would give Uber control of Delivery Hero businesses in 50 markets. Investment firm SSW Partners would acquire operations in 14 other markets, including Glovo activities in Moldova, Poland, Portugal, Romania and Spain. Delivery Hero operates food and grocery delivery platforms in around 65 countries.

The transaction was valued at about 14.8 billion US dollars, or 13.7 billion US dollars excluding Uber's existing stake, according to the Yahoo Finance report. Delivery Hero shareholders had until November 5 to accept Uber's offer.

Further Conditions Still Apply

Ukraine's decision does not complete the takeover. Additional regulatory approvals and other closing conditions remain outstanding. Delivery Hero expects the transaction to close in the second half of 2027, leaving a long period for the parties to satisfy the remaining requirements.

For investors, the clearance removes one regulatory obstacle but does not eliminate execution risk. The final outcome still depends on the remaining approvals, the conditions of the transaction and the timetable for closing. The planned division of assets also means that Uber would not acquire every Glovo market currently held by Delivery Hero.

Glovo co-founder Sacha Michaud said Ukraine is one of the company's five largest markets and is growing at a double-digit rate. He said the transaction should support continuity for the Ukrainian operation, according to the interview cited by Yahoo Finance.

Delivery Hero stock traded at 37.06 euros on Lang & Schwarz at 10:42 CET on Tuesday, November 10, 2026.

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Further regulatory decisions and the timetable for satisfying closing conditions remain the next key developments for the transaction. More news and analyses on Delivery Hero stock.