EU Investigates Delivery Hero and Glovo for Alleged Cartel Activities

The probe focuses on potential anti-competitive practices and no-poach agreements between the food delivery giants.

Delivery Hero could face a fine exceeding €400 million for antitrust violations.
The investigation follows raids in July 2022 and November 2023.
Concerns include market allocation and sharing of sensitive commercial information.
This is the first EU probe into anti-competitive agreements involving minority shareholdings.
Companies risk fines up to 10% of their global turnover if found guilty.