Tech investor prosus to only buy food takeaway.com for 4.3 billion US dollars

European food giant Just eat takeaway.com is to be acquired by Dutch technology investors in an all-cash deal worth around 4.1 billion euros ($ 4.3 billion).

The offer values ​​Eats shares of 20.3 euros each, which corresponds to a premium of 63% compared to the company’s closing price on Friday.

Prosus, the majority of the South Africa Naspers, is already holding a share of 28% of the leading Food Delivery Company Delivery hero.

“We are very happy about Eat Takaway.com to join the Prosus Group and the opportunity to create a European Tech Champion,” said Fabricio Bloisi, CEO of Prosus and Naspers Group.

“We believe that the combination of the strong technical and investment skills of prosus with Just eat tokeaway.com from eat Takeaway.com in important European markets create considerable added value for our customers, drivers, partners and shareholders,” said Bloisi.

The offer comes for the food after a few rocky years. Like many other food supply companies, the company’s stock price collapsed according to the Coronavirus pandemic, which the companies initially reinforced when consumers turned these platforms during the closures.

A strong shift in consumer habits since then has led to a strong delay in growth rates.

The Dutch multinational multinational triggered from the London stock exchange at the end of last year and quoted the efforts to “reduce the administrative burden, complexity and costs in connection with the disclosure and the regulatory requirements for maintaining the LSE list”. The move made Amsterdam the sole trading sport of the company.

In November, Just Eat Takeaway.com said that it would sell its Grubhub arm to New York’s online startup for $ 650 million-a huge discount compared to $ 7.3 billion that the company for the US food delivery paid.

“Prosus supports our strategic plans and their extensive resources to further accelerate our investments and growth in food, food, fintech and other minor districts. We look forward to an exciting future together,” Jitse Groen, CEO and founder of Just Eat Takeaway .Com, said in an explanation on Monday.

– Ryan Browne from CNBC contributed to this report.