• AutoTL;DRB
    713 days ago

    This is the best summary I could come up with:

    European Union antitrust regulators have carried out another series of raids on two online food delivery companies headquartered inside the bloc.

    The Commission hasn’t named the companies involved but the move follows unannounced EU inspections back in July 2022 — which were reported to have taken place at the offices of Spain’s Glovo and German’s Delivery Hero.

    Last year the EU said its actions were linked to concerns over potential breaches of competition laws against forming cartels and other restrictive business practices.

    The latter includes Barcelona-based Glovo, a delivey app and q-commerce platform with a food focus, which was founded in 2014 but joined Delivery Hero at the back end of 2021.

    While this is the second batch of unannounced inspections on the two food delivery firms the Commission’s PR emphasizes such raids are “a preliminary step toward investigating suspected anticompetitive practices”.

    “The fact that the Commission carries out such inspections does not mean that the companies are guilty of anti-competitive behaviour nor does it prejudge the outcome of the investigation itself,” it adds.

    The original article contains 359 words, the summary contains 174 words. Saved 52%. I’m a bot and I’m open source!