Prosus, to get just eaten out in the transaction of EUR 4 billion

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Just Eat Takeaway is to be purchased by the Prosus investment group in an agreement worth EUR 4.1 billion, which will lead to the removal of a European company dealing in the supply of food from public markets.

The entire offer in the amount of € 20.30 per share is 22 % of the bonus compared to the recent three -month highest level of the group, but below the price of € 23.50, after which Takeaway.com first began trade when it appeared on the stock exchange in 2016 .

The contract takes place after a stormy several years for Just Eat Eat Eat Eat, whose shares increased during the Covid-19 pandemic, but rapidly fell as the blockades end.

For ProsusThe contract is his most important transaction because the general director of Fabricio Bloisi took over the ambitious plans for double the market value in May.

Bloisi, who previously managed ifod, an application for providing food by Prosus, which dominates his hometown of Brazil, said on Monday that Just eat Deal was “an opportunity to create a European technology master.”

Prosus’ offer, which was recommended by the Just Eat’s Board, but will require the approval of shareholders, is less than one fifth of the summit of the take -out group share in 2020.

But Jitse Groen, simply Eat Founder and the CEO of Takeaway, said that the transaction offered “immediate, reliable and attractive value for investors” and would allow for greater investments in activities than it would be possible as a public company.

“This is a very large bonus for the current share price, which is always the most important in these discussions,” he said.

Prosus, the investment arm of the South African group Naspers, has been looking for food for years. At the beginning of 2020 lost to the Netherlands Takeaway.com in the auction war after offering 5.5 billion pounds for the British food pioneer.

Since then, the group was run by Groen, a Dutch entrepreneur who founded Takaway.com in 2000 at the top of the Pandemic Delivery Boom in 2021. Just eat take -out in the USA Grubhub for USD 7.3 billion for USD 7.3 billion Selling it in November last year for only USD 650 million.

As part of cutting costs in December, just eat take -out removed from the London Stock Exchange Focus on Amsterdam’s list.

On Monday, he recorded a net loss of EUR 1.65 billion for 2024, including EUR 1.16 billion related to Grubhub. Groen said that the group was currently a “faster, more profitable and mainly European business” and that the contract “will speed up our investments and growth in the field of food, foodstuffs, fintech and other adhesion.”

Groen told journalists that he and simply eat the existing take -out management team will remain after the end of the contract, despite the practical experience of Bloisi in the service of food supply companies.

“He runs away from Prosus, and I just run 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, so it is exciting for everyone in the industry. ”

Prosus previously bought one -third of shares in IFOOD from Just Eat in 2022, taking over full control over the group. It plans to use a similar textbook for food, focusing on the use of technology such as artificial intelligence to improve your products and services.

Prosus also has minority rates in several other food supply groups, including in the Berlin supply hero, the Chinese market leader Meituan and Swiggy in India, which recently made public.