Just eat Takeaway taken over for billions, but criticism is flaring up

Just Eat Takeaway, the parent company of Thuisbezorgd, has been taken over by Tech Investor Prosus. The acquisition involves an amount of 4.1 billion euros, with which the investment company offers 20.30 euros per just eat -way share. This way, Prosus buys the well -known food delivery app at a 22% premium compared to the current price of around 19.1 euros. The purchase receives some criticism from shareholders, in particular because the share was still above 100 euros in 2020. .

The share of the delivery company has been one of the most popular shares in the Dutch market for a long time. In the run -up to the takeover of Prosus, TWY is one of the most traded share in the Netherlands. The deal is unanimously supported by the Board of Directors of Just Eat Takeaway. Prosus, led by CEO Fabricio Bloisi, has ambitious growth plans and hopes to create a European technology leader. Despite the acquisition, the company remains located in Amsterdam and retains its most important brands.

Ambitious growth plans for Just Eat Takeaway

The acquisition comes after a difficult period for Just Eat, who rose sharply in value during the Corona Pandemie, but then dropped considerably when the Lockdowns were lifted and the use of the app also dropped. Bloisi, who was previously in charge of the Brazilian delivery app Ifood, wants to double the market value of Prosus. Jitse Groen, CEO of Just Eat, states that the acquisition will speed up growth in Europe and that the resources of Prosus will help with investments in meals, groceries, fintech and other sectors.

Mixed reaction from investors

Investors who recently bought are happy with the rise, but long -term investors find the bid of 20.30 euros per share low, since the share once stood at almost 110 euros during the pandemic. The difficult period of Just Eat, including the sale of Grubhub against loss, has led to poor share performance. Analysts expect private investors to agree to the bid. Prosus regards the acquisition as a good addition, since the company already has many meal delivery services, especially in South America and India.

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