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Just Eat este de acord sa vanda participatia IFood catre Prosus pentru 1.8 mld. USD


Just Eat Takeaway.com a fost de acord sa-si vanda participatia de 33% din societatea mixta iFood din America Latina catre Prosus pentru pana la 1.8 mld. USD EUR.Just Eat a spus ca va folosi veniturile pentru a-si consolida bilantul si a-si rambursa datoria, iar compania a spus ca, de asemenea, urmareste in continuare vanzarea partiala sau totala a afacerii sale Grubhub. Compania cu sediul in Amsterdam cauta modalitati de a face fata incetinirii cresterii comenzilor care a lovit industria livrarilor in acest an si a anuntat, de asemenea, reducerea locurilor de munca.

(NL.TKWY)

08 192022

European shares log best week in two months despite volatility

European shares notched up their best week in two months on Friday as concerns over an energy supply crunch eased, bringing some calm to investors worried about a big rise in interest rates and a political crisis in Italy. The pan-European STOXX 600 index closed 0.3% up at its highest level since June 10, while for the week it jumped nearly 2.9%. Just Eat Takeaway (NL.TKWY) jumped 13.8% after the online takeaway food company's German rival Delivery Hero forecast a smaller loss as it shifted its focus to profitability. Uniper (DE.UN01) plunged 28.9% after the German government stepped in to rescue the gas importer with a 15 billion euro ($15.28 billion) bailout.

european shares flat hawkish ecb 50962 0734

Amazon teams up with Just Eat on U.S. food delivery with Grubhub investment


Amazon (US.AMZN) has agreed to take a 2% stake in Just Eat Takeaway.com's (NL.TKWY) struggling U.S. meal delivery business Grubhub and will offer its Prime members access to the service for one year. The deal is a major relief for Just Eat Takeaway, whose shares have fallen 70% this year as shareholders demanded it sell or find a partner for Grubhub, which it bought just last year for $5.8 billion in shares.

In a note on the deal, Credit Suisse said the partnership should strengthen Grubhub. Under the deal announced as part of Amazon's July "Prime Day" promotion Wednesday, Amazon customers will receive free delivery on orders over $12 in the 4,000 cities where Grubhub operates. The deal will drive traffic for Grubhub, which has lost share to Doordash and Uber Eats as the impact of the COVID-19 pandemic wanes. In exchange, Amazon will receive warrants representing 2% of Grubhub's shares, and an additional 13% of shares conditional on the deal bringing Grubhub enough customers. The company said that Grubhub's gross assets were worth 6.5 billion euros ($6.67 billion) at the end of 2021, and it made a pretax loss of 403 million euros in that year.


just eat takeaway teams up with amazon us 07 062022