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 needs to create a “European champion” for meals supply.

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

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

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Europe’s greatest meal supply agency made the announcement alongside annual outcomes that confirmed a 35% rise in pre-tax income throughout 2024 to €460m (£382m).

Simply Eat mentioned 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 mentioned of its Simply Eat plans: “Its success inside the UK, Germany and The Netherlands, has led to worthwhile, money generative operations, with appreciable progress potential, which Prosus intends to construct upon.

“As a number one world meals supply investor and operator, with a confirmed observe document in efficiently scaling ecommerce platforms, Prosus is properly 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 extremely efficient progress technique at iFood, in Brazil, offers a prepared information to rework Simply Eat Takeaway.com’s progress path via renewed focus throughout tech, product options, demand era, provide high quality and repair.”

Fabricio Bloisi, its chief government, added: “Prosus already has an in depth meals supply portfolio outdoors of Europe and a confirmed observe document of worthwhile progress via funding in our buyer 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 important worth for our clients, drivers, companions, and shareholders.”