London partner Matthew Hall hosted the August 4 episode of the ABA’s Our Curious Amalgam podcast: “What Are the Risks of a Minority Shareholding? The European Commission’s Decision in Delivery Hero/Glovo.”
In June 2025, the European Commission announced a decision under which it fined two competing online food delivery companies a combined total of €329 million for cartel behaviour that took place while one company held a minority stake in the other company. The infringing behaviour included, among other things, exchanging competitively sensitive information “beyond what was needed for a corporate investor to protect a financial investment decision.” Does the Delivery Hero/Glovo decision suggest that minority shareholdings may be subject to stricter scrutiny going forward? Matthew Hall talks to Brussels-based competition lawyer Peter Camesasca about what the decision means and its practical implications for compliance counseling.
Our Curious Amalgam explores topics in antitrust, competition, consumer protection, data protection, and privacy law around the world with leading experts in those areas. It is an amalgam because it is a group of diverse topics all in one place. It is curious because it gets the experts and asks them in-depth questions.
This episode is also available on Apple Podcasts.