Berlin-based Delivery Hero is moving to formalise its acquisition of Glovo in Morocco, a final step in a global takeover that began in 2022. The filing comes just two months after Glovo settled a significant antitrust case with the very same Moroccan regulator, agreeing to major changes in its business practices, including an end to restaurant exclusivity clauses and a cap on commissions.

Morocco’s Competition Council announced on Thursday, September 18, that it had received a notification for the “acquisition by Delivery Hero SE of exclusive control of Glovoapp23 S.A.” The public filing confirms Delivery Hero’s intent to consolidate its control over 94.49% of the Spanish delivery company’s share capital and voting rights within the Moroccan market.

This move is largely a local formality. Delivery Hero became the majority shareholder of Glovo in a global deal valued at €2.3bn, which was announced on New Year’s Eve 2021 and closed in mid-2022. The German food delivery giant has since operated Glovo as part of its broader portfolio, which includes brands like Talabat and Foodpanda.

The Moroccan filing signals the final stage of integrating Glovo’s local operations under Delivery Hero’s direct and exclusive control. The competition authority has given interested third parties a 10-day window, until September 29, 2025, to submit their comments on the transaction.

A Thorny Market

The timing of the filing is notable, as it follows a period of intense regulatory scrutiny for Glovo in the North African kingdom. In July 2025, the company reached a settlement with the Competition Council to end an investigation into alleged abuse of its dominant market position.

The probe, which was triggered by a complaint from local competitor Kooul and involved a dawn raid on Glovo’s Casablanca offices in late 2024, concluded with Glovo agreeing to a binding set of commitments:

• End to Exclusivity: All exclusivity clauses in its contracts with restaurants were to be removed, allowing partners to work with competing platforms.
• Commission Cap: The company agreed to cap its commission rates at 30%.
• Improved Transparency: Glovo committed to providing partners with clear criteria for its platform ranking and visibility.
• Courier Conditions: The settlement included measures for “a fairer valuation of the services” for its couriers.

The settlement, which included an undisclosed financial penalty, allowed Glovo to avoid harsher litigation. However, it placed its operations under a microscope, forcing significant changes to a model that critics claimed created an “economic dependence” for its restaurant partners. The company also faced protests from its couriers in Casablanca over pay rates just days before the settlement was announced.

The relationship between Delivery Hero and Glovo has been one of strategic cooperation and eventual consolidation. Before the 2022 takeover, the two companies engaged in several asset swaps to streamline their global footprints. In 2020, Glovo sold its Latin American subsidiaries to Delivery Hero, and in mid-2021, Delivery Hero sold its Central and Eastern European businesses to Glovo.

The full acquisition solidified Delivery Hero’s dominance in key markets and brought the fast-growing, Barcelona-born unicorn into its fold. Under the original agreement, Glovo was to maintain its brand and leadership team.

With the Moroccan filing, Delivery Hero is now tidying up the corporate structure in one of its key African markets. The key question is whether the Competition Council, having so recently brought Glovo to heel, will approve this final consolidation without demanding further concessions to protect local competition.