Just Eat Takeaway said he was putting his shares in the London Stock Exchange due to the “low volumes of liquidity and negotiations” of his shares on the Stock Exchange.
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European food delivery of food Just eat to take away.com is about to be acquired by proceedings for investors in Dutch technology as part of an agreement of all levels of around 4.1 billion euros ($ 4.3 billion) .
The offer simply values EAT shares at 20.3 euros each, representing a premium of 63% compared to the closing price of the company on Friday.
Prosus, which belongs to the majority belonging to Naspers in South Africa, already has a 28% participation in the direction of food delivery Delivery hero.
Just EAT’s shares have climbed more than 54% on news, marking a new 52 week. Meanwhile, Delivery Hero’s shares increased by 3.6%, while the Pruisd dropped by 7.8%.
“We are very delighted to simply eat Takeaway.com to join the Prosus group and the opportunity to create a champion of European technology,” Fabricio Bloisi, CEO of Prosus and Naspers Group, said in a statement.
“We believe that the combination of strong technical and investment capacities of prosus with Just Eat Takeaw.com, the main brand position on the main European markets, will create a significant value for our customers, our engines, our partners and our shareholders “Said Bloisi.
Just eat
The offer comes after a few years Rocky to eat. Like many other food delivery companies, the company’s share price collapsed following the coronavirus pandemic, which had initially stimulated businesses while consumers turned to these platforms during locking.
A brutal change in consumption habits because, however, has led to a strong deceleration of growth rates.
The Dutch multinational has dismayed from the London Stock Exchange at the end of last year, invoking an effort to “reduce the administrative burden, the complexity and the costs associated with the disclosure and the regulatory requirements for maintaining the LSE list”. This decision made Amsterdam the only place of negotiation of the company.
In November, Just Eat Takeaway.com said that he would sell his Grubhub arm to the startup to be taken online based in New York for $ 650 million – a huge reduction compared to the $ 7.3 billion that the Company paid for the food delivery application to the United States.
“Prosus fully supports our strategic plans and its vast resources will contribute to further accelerating our investments and our growth through food, grocery store, fintech and other contiguities. We are impatiently awaiting an exciting future,” said Jitse Groen , CEO and founder of Just Eat. Takeaway.com, said in a statement on Monday.
– Ryan Browne of CNBC contributed to this report.
