Delivery Hero Fined €630,000 by BaFin for Failing to Disclose Inside Information
Company: Delivery Hero SE
Summary
In November 2023, Germany's Federal Financial Supervisory Authority (BaFin) imposed a €630,000 administrative fine on Delivery Hero SE for violating the EU Market Abuse Regulation. The enforcement action concerned Delivery Hero's failure to publish inside information as required. Delivery Hero said the issue related to its failure to disclose its forecast for the 2022 financial year through an ad-hoc announcement. The case is separate from Delivery Hero's later EU competition-law cartel fine involving Glovo. Source: FINANCE, reporting the BaFin enforcement action https://www.finance-magazin.de/finanzabteilung/compliance/bafin-erlegt-delivery-hero-geldbusse-aufho1-167856/