Prosus to purchase just to Takeaway.com in 4 billion euros.

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Just eat Takeaway.com is to be taken over by Investment Group Prosus in a contract of more than EUR 4 billion, which will lead to the delisting of the European Food Delivery Company.

Prosus made an all-cash offer that only a shares of € 20.30 to EAT shares, a premium of 22 percent compared to its three-month high.

The move marks the end of a few years for the group based in Amsterdam, whose shares rose during the Covid 19 pandemic, but ended as lockdowns.

Just Eat acquired in the USA-based food order platform Grubhub for $ 7.3 billion in 2021 at the height of the Pandemic-filled delivery boom before it was sold for only $ 650 million last November.

The deal for EAT marks prosus’ most important transaction as part of its new managing director Fabricio Bloisi, who aimed for ambitious growth plans for the investment group.

In an explanation, Bloisi said that the Eat Deal was an “opportunity to create a European technology champion”.

Bloisi is the former head of IFOOD, the prosus app app app, which dominates his home brazil.

He became Chief Executive of the Naspers Group in South Africa and aimed to double the market value of his investmental prose, which is also the largest shareholder in the Chinese internet giant Tencent.