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Just Eat Takeaway is scheduled to acquire an investment group in a contract of 4.1 billion euros, which will lead to a European food delivery company that has abolished from public markets.
The offer for all chash from 20.30 euros per share is 22 % premium compared to the recent quarter of the group, but below the price of 23.50 euros, at which Takeaway.com first started trading when it went public in 2016. year.
The deal is followed by a tumultuous for a few years for Amsterdam based in Amsterdam, just eating Takeaway, whose shares have grown during the Coid-19 pandemia, but they have fallen abruptly as the locks ended.
For ProsusThe agreement is his most significant transaction, which was taken over by the executive director Fabricio Bloisi in May with ambitious plans to double his market value.
Bloisi, who had previously led IFood, a food delivery application owned by a judgment that dominates his native Brazil, said on Monday that on Monday Just eat The deal was “an opportunity to create a European technical champion”.
The Prosus offer, recommended only by the EAT -DOC, but will require a shareholder approval, comes to less than the fifth price of shares of the section of the Takeaway section in 2020.
But Jitse Groen, just eat the founder and director of Takeaway, said that the contract offered a “direct, certain and attractive value for investors” and would allow more investment in the business than it would be possible as a public company.
“It’s a very high premium for the current price price, which is always the most important in these discussions,” he said.
Prosus, an investment hand of the South African Group of Naspers, has only been sought for years to eat. In early 2020 lost to the Netherlands based in Takeaway.com at the competition war after offered £ 5.5 billion for pioneers for food delivery in the UK.
Since then, the group has led Groen, a Dutch entrepreneur who founded Takeaway.com in 2000. At the height of the booming of a basement of a pandemia in 2021, you just eat Takeaway gained an American food platform for the Grubhub food order for $ 7.3 billion before selling it last November for only $ 650 million.
As part of a decrease in December, just eat access to Ejected from the London Stock Exchange focus on your Amsterdam list.
On Monday, he reported a net loss of EUR 1.65 billion for 2024, including EUR 1.16 billion associated with Grubhub. Groen said that the group is now “faster growing, more profitable and predominantly European business” and that this job “will accelerate our investments and growth in foods, foods, Fintech and other neighborhoods.”
Groen told reporters that he would just eat Takeaway’s existing managerial team to stay after the deal closes, despite Bloysi’s practical experience in the work of food delivery companies.
“Driving a prosus, and I just eat,” Groen said. “The role that goes forward will remain the same. I think we can be more aggressive as a competitor in the current environment, so it’s exciting for everyone in business.”
The prosus had previously bought one third of the IFOODA share of Just Eat 2022, taking complete control of the group. He plans to apply a similar book for just EAT, focusing on using technology such as artificial intelligence to improve its products and services.
The prosus also holds minority roles in several other food delivery groups, including Berlin hero for delivery, the leader of the Chinese market Meituan and the Indian Swiggy, who recently went public.
