Recently, British food delivery company Deliveroo had a surprising twist
Its rival Delivery Hero took a 5.1% stake
Delivery Hero is a Berlin-based company
The duo does not compete with each other in the UK Market
Delivery Hero had sold its UK operations to Just Eat Takeaway in 2016
But, they are rivals in the Middle East, Hong Kong and Singapore
Deliveroo’s shares rose up to 9% with the stake
The move lifted Deliveroo’s share price to 345.6p per share
The highest point since Deliveroo’s IPO in March
