Delivery Hero stock gets Ukraine clearance boost for Uber deal

Published on 11/09/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Delivery Hero stock gains a fresh regulatory milestone after Ukraine approved Uber's indirect control of Glovo's local business. The takeover still needs further approvals.

Ukraine clearance advances Uber transaction

Ukraine approved Uber's indirect control of Delivery Hero's Glovo business on November 5.
The wider transaction would give Uber control of Delivery Hero operations in 50 markets, while SSW Partners would acquire businesses in 14 others.
Regulatory approvals and closing conditions remain outstanding, with completion expected in the second half of 2027.

Delivery Hero, DE000A2E4K43, Illustration mit AI erstellt.

Ukraine's Antimonopoly Committee approved Uber's indirect control of Delivery Hero's Glovo business in the country on Thursday, November 5, adding another regulatory milestone to the proposed takeover. The Kyiv Independent reported the decision on Friday, November 6, saying Uber would act through its subsidiary Uber International Technologies II Corporation.

Regulatory progress for Uber

The approval covers Glovo's Ukrainian operations, which are owned by Delivery Hero. The Berlin-based group operates food and grocery delivery platforms in around 65 countries and has owned Glovo since 2022, according to the Kyiv Independent.

Uber announced the transaction on July 16. The offer values Delivery Hero at 41.50 euros per share and the company at about 14.8 billion US dollars, or 13.7 billion US dollars excluding Uber's existing stake. The deal would give Uber control of Delivery Hero businesses in 50 markets. SSW Partners would acquire operations in 14 other markets, including Glovo activities in Moldova, Poland, Portugal, Romania and Spain.

Conditions remain outstanding

Ukraine's approval does not complete the transaction. Other regulatory approvals and closing conditions remain outstanding, while Delivery Hero shareholders had until November 5 to accept Uber's offer. Delivery Hero has said the takeover is expected to close in the second half of 2027.

For investors, the clearance reduces one regulatory hurdle but leaves the closing timetable and the remaining approvals as the key variables. The 41.50-euro offer remains the central reference point for the takeover, while the market price continues to reflect the gap between the offer and the current quotation.

Glovo co-founder Sacha Michaud told the Kyiv Independent in an October 13 interview that Ukraine is one of Glovo's five largest markets and is growing at a double-digit rate. He said he expected the deal to support continuity for the Ukrainian operation.

Delivery Hero stock traded at 36.92 euros on Lang & Schwarz at 10:38 CET on Monday, November 9, 2026, 0.22 percent below the Xetra close of Friday, November 6, 2026. The real-time quote of Delivery Hero stock places the shares below the Uber offer while the transaction remains subject to further conditions.

Market sentiment for German equities remains an additional factor for Delivery Hero stock, alongside the deal-specific regulatory process. See the latest DAX market coverage.

More news and analyses on Delivery Hero stock.