Prosus to buy Just Eat to create a European food delivery 'champion' (updated)

Just Eat Takeaway.com NV

24/02/2025 06:35

(Updates with context, quotes)
       JOHANNESBURG, Feb 24 (Reuters) - Dutch technology
investor Prosus  PRX.AS  said on Monday it intends to buy Just
Eat Takewaway.com  TKWY.AS  to create a "European tech champion"
of food delivery. 
    It plans to acquire the company's entire share capital for
4.1 billion euros ($4.31 billion) in an all-cash public offer on
the Amsterdam exchange. 
    Prosus, majority-owned by South Africa's Naspers  NPNJn.J ,
is offering 20.30 euros per share. The offer is unanimously
supported by Just Eat's management and supervisory board. 
    Prosus already holds a 28% stake in leading global food
delivery company Delivery Hero  DHER.DE . 
    
    ($1 = 0.9513 euros)

 (Reporting by Nqobile Dludla in Johannesburg and Leo Marchandon
in Gdansk; Editing by Tom Hogue)
 ((nqobile.dludla@thomsonreuters.com; +27103461066;))