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Simply Eat Takeaway.com is about to be acquired by funding group Prosus in a greater than €4bn deal that may see the European meals supply firm delisted from public markets.
Prosus made an all-cash supply valuing Simply Eat shares at €20.30, a 22 per cent premium over its three-month excessive.
The transfer marks an finish to a tumultuous few years for the Amsterdam-based Simply Eat, which noticed its shares surge in the course of the Covid pandemic solely to sharply fall off as lockdowns ended.
Simply Eat acquired US-based meals ordering platform Grubhub for $7.3bn in 2021 on the peak of the pandemic-fuelled supply growth earlier than promoting it this previous November for simply $650mn.
The deal for Simply Eat additionally marks probably the most important transaction for Prosus underneath its new chief govt Fabricio Bloisi, who has focused bold development plans for the group.
In an announcement, Bloisi mentioned the Simply Eat Takeaway.com deal was an “alternative to create a European tech champion”.
Bloisi is the previous head of iFood, the Prosus-owned prime meals supply app in his native Brazil.
He grew to become chief govt at South Africa’s Naspers group aiming to double the market worth of its funding arm Prosus, the largest shareholder in Chinese language web big Tencent.
