EU antitrust regulators are seeking feedback from third parties on Prosus' offer to slash its Delivery Hero stake to below 10% to address EU concerns about its 4.1 billion euro ($4.77 billion) Just Eat Takeaway deal, a person with direct knowledge of the matter said on Monday. Amsterdam-headquartered Prosus has proposed incrementally its 27.4% stake in Delivery Hero and giving up its board seat, other people familiar with the matter told Reuters earlier this month. The company, which is majority owned by South Africa's Naspers , is banking on its AI capabilities to boost Just Eat Takeaway, Europe's biggest meal delivery firm. The European Commission, which acts as the competition enforcer in the 27-country bloc, did not detail the size of the stake to be sold off in the document sent to third parties, the person said. Respondents have until July 31 to reply. The Commission, which will decide on the deal by August 11, declined to comment. Prosus was not immediately available for comment. Delivery Hero and Just Eat Takeaway compete with each other in Austria, Bulgaria, Italy, Poland and Spain.

EU regulators seek feedback on Prosus' offer to sell down Delivery Hero stake

EU antitrust regulators are seeking feedback on Prosus' plan to reduce its stake in Delivery Hero to below 10% to address concerns about its 4.1 billion euro deal with Just Eat Takeaway. Prosus, majority-owned by Naspers, is seeking to divest 27.4% of Delivery Hero and relinquish its board seat. The European Commission will decide on the deal by August 11, with responses due by July 31.