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2/11, 11:50 AM (Source: TeleTrader)
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Delivery Hero leads losses on Dax, down over 10%

Delivery Hero saw its share price plummet by more than 10% on Friday while leading the DAX in losses, down 0.65% at 11:47 am CET. Analysts point out Delivery Hero's guidance for 2022 as the main reason for the adverse market reaction that started yesterday, Thursday.

In addition, the German group announced a deal whereby Delivery Hero became the owner of Glovo, increasing its stake from 39.4% to 83.4%. However, most of the remaining shareholders have decided to convert their Glovo shares into Delivery Hero shares, while 5% remain as stockholders of the Catalan company.

Delivery Hero shares were down by 10.26% at 11:51 am CET, selling at €41.72.

Baha Breaking News (BBN) / JG