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Deliveroo CEO says he views Delivery Hero stake as a 'financial investment'

Deliveroo CEO says he views Delivery Hero stake as a 'financial investment'
Deliveroo CEO says he views Delivery Hero stake as a 'financial investment'   -   Copyright  Thomson Reuters 2021
By Reuters

LONDON – The chief executive of food delivery platform Deliveroo said he had not had any talks with his counterpart at Delivery Hero since the German company took a 5.09% stake last week, adding that he viewed the move as financial.

“I think his (Delivery Hero CEO) view was: the stock’s undervalued, I’m gonna start buying, and I know the space super well,” Will Shu said in an interview on Wednesday after Deliveroo published first-half results.

“This is in my view just a financial investment.”