The food delivery company Delivery Hero is expecting a drastically higher fine for alleged anti-competitive agreements than previously thought.

In the end, the company could be fined more than 400 million euros, the MDax-listed company announced on Sunday evening. The Management Board has therefore decided to significantly increase a provision of 186 million euros that has already been set aside. The decision was based on a recent informal exchange with the European Commission and subsequent detailed analysis.

The European Commission had carried out raids at Delivery Hero in mid-2022 and at the end of 2023. The group could be fined heavily, according to Sunday's own information, for allegations of sharing national markets, exchanging commercially sensitive information and non-solicitation. Delivery Hero intends to cooperate fully with the European Commission, as it did in the unannounced raids in 2022 and 2023, it said.

(Report by Ralf Bode, edited by Reinhard Becker. If you have any queries, please contact our editorial team at frankfurt.newsroom@thomsonreuters.com)