Delivery Hero is Germany’s newest blue chip
The food-delivery firm could last longer in the DAX 30 index than the firm it replaced
JOINING THE index of Germany’s 30 biggest listed companies is usually a cause of celebration for the joiner rather than of controversy. Yet the arrival of Delivery Hero in the DAX 30 on August 24th ignited a fierce debate. How, critics grumble, can a food-delivery company that has never made money or paid a dividend, and no longer even does business in Germany, sit alongside Siemens, a 173-year-old engineering behemoth, and Volkswagen, Europe’s biggest carmaker, in the elite group of the bluest of German blue chips?
This article appeared in the Business section of the print edition under the headline “Ascend and deliver”
Business August 29th 2020
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