Today, the Commission decided that Delivery Hero and Glovo have violated EU competition rules by forming a cartel in the online food delivery sector. The companies face a joint fine of EUR 329 million.

Both brands admitted their participation and agreed to settle the case.

This is the first time the Commission has fined for a no-poach agreement, where companies agree not to hire each others employees.

The decision shows how companies can misuse a small stake in a rival for anti-competitive purposes, which is crucial for citizens daily lives.

These rules are important as they sanction competitive behavior related to online meals and grocery shopping.

They are also vital for employees, ensuring a fair labor market where employers compete for talent.

The investigation shows that competition rules are not just about lowering prices but also about freedom of choice, including where we work.

In July 2018, Delivery Hero acquired a minority stake in Glovo, leading to a full acquisition in July 2022.

The collaboration allowed the companies to coordinate their strategies and exchange sensitive information.

The cartel practices included a no-poach agreement, exchanging sensitive information, and dividing national markets within the EEA.

The decision highlights that horizontal minority ownership can pose risks if it facilitates anti-competitive behavior.

Thank you.