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Just Eat Takeaway should be acquired by the proceedings of investment groups in an agreement of 4.1 billion euros which will lead to the radiation of the European food delivery company.
The all -craftsmanship of € 20.30 per share is a bonus of 22% compared to the recent three months of the group, but below the price of € 23.50 to which Takeaway.com began to negotiate when it is become public in 2016.
The agreement follows a few tumultuous years for Amsterdam, it is enough to eat to take away, whose actions jumped during the Pandemic Covid-19 but fell sharply as the locks ended.
For prosecution, the agreement is its most important transaction since the CEO, Fabricio Bloisi, took care in May with ambitious plans to double its market value.
Bloisi, who previously directed the food delivery application that dominates his native Brazil, said on Monday that the Just Eat agreement was an “opportunity to create a champion of European technology”.
Erving You, director of investments in Prosus, said that the agreement did not mean that they were “out of the game” for future agreements in the sector, but stressed that the right offer EAT – that he hoped to be Concluded by the end of 2025 – was the priority.
The Prosus offer, which was recommended by Just Eat’s Board but will require the approval of shareholders, arrives at less than a fifth of the group’s cutting edge to take away in 2020.
But Jitse Groen, Eat Eat Takeaway, the founder and chief executive, said that the agreement offered “immediate, certain and attractive value for investors” and would allow more investment in the company than what would not be possible as a public company.
“It is a very great bonus for the current course of action, which is always the most important in these discussions,” he said.
Take -out actions increased by approximately 52% after the announcement. The shares of competitors Deliveroo and Delivery Hero jumped 4% and 7% respectively.
However, prosus shares fell by more than 7% at the start of negotiations.
Prosus, the investment branch of the South African group Naspers, just seeks to eat for years. At the beginning of 2020, he lost against Takeaway.com based in the Netherlands in an auction war after having offered 5.5 billion pounds sterling for the pioneer of British food delivery.
Since then, the group has been led by Groen, the Dutch entrepreneur who founded Takeaway.com in 2000. Selling last November for only $ 650 million.
As part of cost reduction in December, just eat to remember from the London Stock Exchange to focus on your Amsterdam list.
On Monday, he reported a net loss of 1.65 billion euros for 2024, including 1.16 billion euros linked to Grubhub. Groen said that the group was now a “faster, more profitable and European predominance company” and that the agreement “would accelerate our investments and our growth through food, grocery store, fintech and other contiguities” .
Groen told journalists that he and that he ate the existing management team of Takeaway would remain after the agreement of the agreement, despite Bloisi’s practical experience in the exploitation of food delivery companies.
“He directs prosecution and I run just to eat to take away,” said Groen. “The role in the future will remain the same. I think we can be more aggressive as a competitor in the current environment, which is exciting for everyone in the business. »»
Proseus previously bought a third of the participation in IFOOD of Just Eat in 2022, taking full control of the group. It plans to apply a similar game book to eat, focusing on the use of technology such as artificial intelligence to improve its products and services.
Prosus also holds minority participations in several other food delivery groups, including the Berlin -based delivery hero, the Chinese market leader Meituan and Swiggy of India, which has recently been made public.
