Mubasher TV
Contact Us Advertising   العربية

ECA orders Glovo to return to Egypt

ECA orders Glovo to return to Egypt
Delivery Hero acquired a 16% stake in Glovo

Cairo – Mubasher: The Egyptian Competition Authority (ECA) said that Spanish delivery startup Glovo and German Delivery Hero have violated the competition law.

The two companies agreed on Glovo’s exit from the Egyptian market in a bid to eliminate competition with Delivery Hero’s brands, the competition regulator said in a statement. 

ECA has obligated Glovo not to liquidate its activities in the country and ordered the two companies to inform ECA with any measures implemented to comply with ECA's decision within 30 days.

On 30 April, Spanish on-demand service app Glovo announced shutting down its operations in Egypt.

In 2018, Delivery Hero acquired a 16% stake in Glovo in a deal that allowed the German delivery company to access commercially sensitive information of its competitor in the Egyptian market.