PROSUS to buy just eat 4 billion euros

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Just eat the departure that will be purchased by the Investment Group Prosus in an agreement of 4.1 billion euros, which will reduce the European food delivery company from state markets.

A proposal of a rally of 20.30 Euro-22-percent premium for the last three-month maximum group, but below 23.50 euros, which for the first time started trading when it became public in 2016.

The transaction stems from a tumultuous few years for Amsterdam, which works only in food whose shares grew during the Covid-19 pandemic, but sharply fell when the lock was over.

During ProseThe transaction is its most significant transactions as Fabricio Bloisi Executive Director has assumed the post in May with ambitious plans to double market value.

Bloisi, previously headed by IFOOD, the food delivery app dominated by his native Brazil, said Monday that The Just eat The transaction was “an opportunity to create a European technology champion”.

Ering Tu, Prosus Investment CEO stated that the agreement does not mean that they have “left the game” for future transactions in this sector, but emphasized that only the food offer – which it hoped by the end of 2025 – was a priority.

Prosus’s proposal, recommended by the JUST EAT Council but will require a shareholder permit, entered less than a fifth of the peak pricing of the departure group in 2020.

But Jitse Groen, just eating the founder and CEO of Eastaway, said the transaction offered a “immediate, particular and attractive value for investors” and will allow more investment in business than possible as a public company.

“This is a very big prize for the current stock price, which is always the most important in these discussions,” he said.

After the announcement after the EAT ENAIT, the stock increased about 52 percent. Gelveroo’s and Gener Competitors Competitors, which jumped respectively by 4 percent and 7 percent.

However, Prosus shares decreased more than 7 percent in the early trading.

Prosus, an investment hand of the South African Naspers group, tried to eat for years. In early 2020 this missing On the basis of the Netherlands Takeaway.com in the war from the bid after a 5.5 billion pounds for pioneer for food delivery to the UK.

Since then, the group was headed by a Dutch entrepreneur who founded Takeaway.com in 2000. In the midst of pandemic delivery in 2021, simply EAT ENAway purchased a $ 7.3 billion order platform earlier by selling it last November for just $ 650 million.

As part of the cost reduction in December just eat issuance translated from the London Stock Exchange focus on the Amsterdam list.

On Monday, he reported a net loss of 1.65 billion euros for 2024, including 1.16 billion euros related to GrubHub. Green said the group is currently “growing faster, more profitable and preferably European business” and that the deal “will accelerate our investment and nutritional growth, products, Fintech and other purposes.”

Green told reporters that he was just traveling an existing Takeaway management team after closing the deal, despite Bloisi’s hands -on experience in food delivery.

“He controls Prosus, and I run just eat away,” Groen said. “The role that goes forward will remain the same. I think we can be more aggressive as a competitor in modern conditions, so it’s interesting for everyone in business.”

Previously, PROSUS bought one -third of the stock at IFood Just Eat in 2022, taking complete control over the group. It plans to apply a similar book to just eat, focusing on using technology such as artificial intelligence to improve their products and services.

Prosus also takes minorities in a number of other food delivery groups, including the hero of Berlin’s delivery, the leader of the Chinese market Meituan and Swiggy India, who have recently become public.