Goldman Sachs is spearheading financial advisory efforts for Prosus, ensuring a seamless transition for shareholders.
A New Era for Just Eat Takeaway
Prosus intends to maintain Just Eat Takeaway.com’s Amsterdam headquarters and retain key brands like Takeaway.com, Germany’s Lieferando, and Israel’s 10bis. CEO Fabricio Bloisi expressed confidence in the deal’s potential, stating, “Combining Prosus’ strong technical and investment capabilities with Just Eat Takeaway.com’s leading brand position in key European markets will create significant value for our customers, drivers, partners, and shareholders.”
The supervisory board at Just Eat fully supports the buyout, with Chairman Dick Boer describing Prosus’ offer as “compelling” and beneficial for shareholders. The board, which holds 8.1% of the company’s stock, has already committed to tendering its shares.
The Road to Completion
The acquisition will proceed as a tender offer under Dutch and U.S. law. If at least 95% of shareholders tender their shares, Prosus will secure full ownership. However, if Prosus acquires only 80%, an alternative asset sale plan will be triggered, leading to the liquidation of Just Eat and subsequent payouts to shareholders.
