FILE PHOTO: The Delivery Hero headquarters is pictured in Berlin, Germany, June 2, 2017. REUTERS/Fabrizio Bensch/File Photo
LONDON (Reuters) - Germany's Delivery Hero has taken a 5.09% stake in online food delivery rival Deliveroo, driving the British company's share price to its highest since listing on the stock market in March.
Shares in Deliveroo, which disclosed the holding in a stock market notice on Monday, rose more than 6% to 345 pence. They were priced at 390 pence in its initial public offering (IPO).
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