Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY), hereinafter the “Company”, or together with its group companies “Just Eat Takeaway.com”, has entered into a definitive agreement whereby the Company is to sell its equity stake of approximately 33% in...Just Eat Takeaway.com N.V. • August 19th, 2022 • Services-business services, nec
Just Eat Takeaway.com has entered into an agreement with MIH Movile Holdings B.V. (“Movile”), an affiliate of Prosus regarding the sale of the Company’s equity stake of approximately 33% in iFood. The Transaction consideration will comprise €1.5 billion in cash on closing and a deferred consideration, contingent on the performance of the online food delivery sector over the next twelve months, of up to €300 million. The consideration represents an equity multiple of over 5 times on the investments over the life of the joint venture. The Transaction is subject to approval by the Company’s General Meeting.
