International food ordering service Delivery Hero disclosed that it could be fined more than €400 million ($433.3 million) by European enforcers over alleged agreements with other online food delivery companies to split markets, share information, and not hire workers from one another.
Delivery Hero said in a statement Sunday that it may face a “significant fine” due to alleged antitrust violations, and it intends to increase the provision it had previously earmarked for the penalty based on recent conversations with the European Commission. The company had previously set aside around €186 million for the anticipated penalty, following a pair of unannounced inspections by enforcers.
Increasing Provisions for Potential Fines
“The intent to increase the provision is based on recent informal engagement with the European Commission and subsequent detailed analysis,” Sunday’s statement said. “Delivery Hero intends to fully cooperate with the European Commission as it did during the unannounced inspections in July 2022 and November 2023.”
