Just Eat Takeaway sells iFood part to Prosus for up to €1.8 billion
Lieferando parent Just Eat Takeaway <NL0012015705> is to sell its stake in Brazilian meal delivery service iFood to Prosus <NL0013654783> for up to 1.8 billion euros. The deal includes a fixed sum of 1.5 billion euros in cash at closing plus a performance-based component related to sector performance over the next 12 months of up to 300 million euros, Just Eat Takeaway said Friday in Amsterdam. Currently, the Dutch company says it holds about one-third of iFood's shares.
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With the sale of the stake, Just Eat Takeaway says it wants to strengthen its balance sheet and prepare for upcoming loan repayments. A decision on the deal is expected to be taken at an extraordinary general meeting in the fourth quarter of 2022./ngu/jha/ (dpa)
Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.
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