EU fines Delivery Hero and Glovo $376 million for running a food delivery cartel

The EU on Monday slapped German food delivery company Delivery Hero and its Spanish subsidiary Glovo with a fine worth 329 million euros ($376 million) after they violated antitrust rules.

EU regulators concluded Delivery Hero used its stake in Glovo between 2018 and 2022 to limit competition by exchanging sensitive information, agreeing not to poach each other’s employees, and to divide among themselves national markets for food delivery.

Based in Germany, Delivery Hero has...