The Commission announced on 2 June 2025 that it has imposed fines totalling €329 million on Delivery Hero and Glovo for an illegal cartel. While the full decision is awaited, this is a landmark case in substance and scope as the first “no poach” cartel finding by the Commission, and the first case where collusion was facilitated by a minority shareholding (reported to be 15%). It highlights the antitrust risks that structural links between competitors such as minority shareholdings and joint venture partnerships can generate. This case stands as a warning, reinforcing the importance of controlling information flows to ensure that legitimate collaboration does not expand into illegal collusion.

A Minority Stake Enabling Three-Pronged Illegal Collusion

The cartel commenced in July 2018 w

See Full Page