Just Eat to merge with Takeaway.com to create £8.2bn food delivery powerhouse

Food & Drink | International | Latest News | Mergers & Acquisitions | South East

Just Eat and Holland-based Takeaway.com have announced a deal in principle which would see the two rivals combine to create one of the world’s largest food delivery businesses.

The combination of the two would see the creation of a new company, Just Eat Takeaway.com N.V., with a value of around £8.2bn – rivalling that of its competitors Deliveroo and Uber Eats.

As one of the leading delivery businesses across the world, they would process around 360 million orders a year, at a value in excess of £6.6bn.

The new company has compelling strategic logic and represents an attractive opportunity for both companies to build on the strong individual platforms of Just Eat and Takeaway.com with the potential to deliver substantial benefits to respective shareholders, customers, employees and other stakeholders.

Immediately following completion of the Possible Combination, Just Eat shareholders would own approximately 52.2% and Takeaway.com shareholders would own approximately 47.8% of the share capital of the group.

Upon completion of the Possible Combination, it is intended that Mike Evans, currently the Chairman of Just Eat, will assume the role of Chairman of the Supervisory Board of the Combined Group.

Adriaan Nühn, currently Chairman of the Takeaway.com Supervisory Board, will assume the role of Vice-Chairman of the Supervisory Board of the Combined Group.

Upon completion of the Possible Combination, Takeaway.com intends that the Combined Group will be incorporated, headquartered and domiciled in Amsterdam, the Netherlands with a premium listing on the London Stock Exchange and will maintain a significant part of its operations in the United Kingdom.

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