Investing.com – Supply Hero inventory slumped Monday after the German on-line meals takeaway agency acknowledged it might face a hefty superb attributable to antitrust violations.
At 05:45 ET (09:45 GMT), Supply Hero inventory traded 4% decrease at €20.18, 20% decrease year-to-date, and down nearly 50% during the last 12 months.
The potential superb, which might exceed €400 million, can be for “alleged anti-competitive agreement to share national markets, exchanges of commercially sensitive information and no-poach agreements”, the corporate stated in a press release revealed on Sunday night.
Supply Hero stated it will cooperate with the European Fee, and also will considerably enhance its corresponding provision, which it had beforehand constructed at €186 million.
