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Reading: Simply Eat Takeaway.com agrees €4.1bn takeover
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Michigan Post > Blog > Business > Simply Eat Takeaway.com agrees €4.1bn takeover
Business

Simply Eat Takeaway.com agrees €4.1bn takeover

By Editorial Board Published February 24, 2025 3 Min Read
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Simply Eat Takeaway.com agrees €4.1bn takeover

Simply Eat Takeaway.com has agreed a takeover by a Dutch-based expertise investor which says it desires to create a “European champion” for meals supply.

Prosus, which already has a 28% stake in international rival Supply Hero, stated its all-cash supply valued Simply Eat at €4.1bn (£3.4bn).

It represented €20.3 euros per share on the Amsterdam trade – a 22% premium on the very best worth of its inventory over the previous three months.

Cash newest: I work a 34-hour week and usually end at 1.30pm

Simply Eat stated the supply was unanimously supported by its administration and board.

Europe’s greatest meal supply agency additionally confirmed that its present management would stay in place beneath the settlement whereas it might proceed to be primarily based in Amsterdam.

It made the announcement alongside annual outcomes that confirmed a 35% rise in pre-tax earnings throughout 2024 to €460m (£382m).

Simply Eat stated the efficiency was pushed by an enchancment in its key UK and Eire market, primarily attributable to decrease prices of fulfilling orders and extra environment friendly advertising and marketing.

Prosus stated of its Simply Eat plans: “Its success within the United Kingdom, Germany and The Netherlands, has led to profitable, cash generative operations, with considerable growth potential, which Prosus intends to build upon.

“As a number one international meals supply investor and operator, with a confirmed monitor file in efficiently scaling ecommerce platforms, Prosus is nicely positioned to put money into and speed up progress at Simply Eat Takeaway.com to unlock worth past its standalone potential as a listed enterprise.

“Prosus’s highly effective growth strategy at iFood, in Brazil, provides a ready guide to transform Just Eat Takeaway.com’s growth path through renewed focus across tech, product features, demand generation, offer quality and service.”

Fabricio Bloisi, its chief govt, added: “Prosus already has an extensive food delivery portfolio outside of Europe and a proven track record of profitable growth through investment in our customer and driver experiences, restaurant partnerships, and world-class logistics, powered by innovation and AI.

“We consider that combining Prosus’s robust technical and funding capabilities with Simply Eat Takeaway.com’s main model place in key European markets will create vital worth for our clients, drivers, companions, and shareholders.”

TAGGED:4.1bnagreesEatTakeaway.comtakeover
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