Eat Eat Takeaway said it is listed on the London Stock Exchange due to the “low liquidity and low volume of trading” shares on the exchange.
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European food delivery company Eat Takeaway.com All-cash transactions worth around 4.1 billion euros ($4.3 billion) are poised to acquire by Dutch tech investor rosus.
The offer value represents a 63% premium when compared to the company’s closing price on Friday, just eating 20.3 euros of shares each.
Prosus, which is majority owned by South Africa’s Naspers, already owns a 28% stake in the leading food delivery company. Delivery Hero.
“We are extremely excited to be taking part in the opportunity for Just Eat Takeaway.com to create a European technology champion with the Prosus Group,” Fabricio Bloisi, CEO of Prosus and Naspers Group, in a statement. .
“We believe that combining Prosus’s strong technical and investment capabilities with Eat Takeaway.com’s leading brand positions in major European markets will create great value for our customers, drivers, partners and shareholders.” Bloisi said.
Just eat
This offer comes after a few rocky years just to eat. Like many other food delivery companies, the company’s stock price collapsed in the wake of the coronavirus pandemic. This initially boosted businesses as consumers turned to these platforms during the lockdown.
However, since then, severe changes in consumer habits have led to a sharp slowdown in growth rates.
Dutch multinationals were delisted from the London Stock Exchange late last year, citing efforts to “reduce the administrative burden, complexity and costs associated with disclosure and regulatory requirements to maintain the LSE list.” Ta. The move has made Amsterdam the company’s sole trading venue.
Just Eat Takeaway.com said it will sell Grubhub Arm to New York-based online takeout startup Wonder for $650 million.
“Prosus fully supports our strategic planning, and its extensive resources will help us further accelerate investment and growth across food, groceries, fintech and other adjoinings. Takeaway.com is He said in a statement Monday.
– CNBC’s Ryan Browne contributed to this report.
