Ukraine anti-trust regulator clears Uber’s takeover bid for food delivery Glovo service
The approval allows Uber to gain indirect control of Delivery Hero through its subsidiary, Uber International Technologies II Corporation, bringing Glovo's Ukrainian operations under Uber's control.
Ukraine's antitrust regulator has granted permission for U.S.-based Uber to acquire Delivery Hero, the German delivery company that owns the Ukrainian food delivery app Glovo. The approval enables Uber to indirectly control Delivery Hero through its subsidiary, Uber International Technologies II Corporation, bringing Glovo's operations in Ukraine under Uber's control.
Uber, known for its ride-hailing app and food delivery service Uber Eats, already operates in around 50 markets, including Glovo's Ukrainian business. However, Uber will not take over Glovo in 14 other markets, where investment firm SSW Partners will purchase Delivery Hero's businesses instead. Glovo co-founder Sacha Michaud believes the deal will have a positive impact on his company's Ukrainian business, describing it as one of Glovo's top five markets with double-digit growth.
Uber announced the deal on July 16, valuing Delivery Hero at approximately $14.8 billion. The takeover still requires other regulatory approvals and must meet closing conditions, with Uber expecting the deal to be finalized in the second half of 2027.
Written by urgent.news from Kyiv Independent's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
