Naspers’s European-listed subsidiary Prosus has agreed to purchase Simply Eat Takeaway.com, a serious European participant within the on-demand fast-food sector, for €4.1-billion (R79-billion) in an all-cash deal.
Prosus is providing Simply Eat shareholders €20.30/share in money, a 49% premium to the three-month volume-weighted common share worth and a 22% premium to Simply Eat’s three-month excessive.
The proposed acquisition has the total backing of Simply Eat’s administration workforce and board.
“Prosus sees a chance to speed up development at Simply Eat Takeaway.com, leveraging its robust trade expertise to innovate and drive efficiencies,” Prosus mentioned in a press release on Monday. It mentioned the deal, if it passes regulatory muster, will create the world’s fourth-largest meals supply group.
“Prosus already has an intensive food-delivery portfolio exterior Europe and a confirmed observe file of worthwhile development via funding in our buyer and driver experiences, restaurant partnerships and world-class logistics, powered by innovation and synthetic intelligence. 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 prospects, drivers, companions and shareholders,” mentioned Naspers and Prosus CEO Fabricio Bloisi in a press release.
Observe file
“Prosus has a robust observe file in meals supply exterior of Europe, having invested greater than US$10-billion globally in driving the class’s momentum and success. In the present day Prosus’s meals companies span greater than 80 international locations, serving greater than 1,000,000 eating places around the globe,” Bloisi mentioned.
The present Prosus meals portfolio consists of full possession of iFood, Latin America’s prime meals supply platform. Prosus additionally holds a 28% stake in Supply Hero, a world meals supply firm, and a 4% stake in Meituan, the world’s largest meals supply enterprise. It additionally holds a 25% stake in Swiggy, a meals and grocery supply platform in India, which not too long ago accomplished an preliminary public providing.
Learn: Naspers CEO is on the hunt for offers – with $20-billion to spend
Simply Eat Takeaway.com operates in 17 international locations. In 2024, it generated €26.3-billion in gross transaction worth (€18.9 billion excluding Grubhub) and delivered an adjusted Ebitda of €460-million (€313-million excluding Grubhub). Simply Eat purchased the US food-ordering platform Grubhub for $7.3-billion in 2020 however bought it once more final month for simply $650-million.
For the reason that Covid-19-induced growth in on-line meals ordering and deliveries went bust, Simply Eat’s share worth has plunged by practically 90%, making it a compelling acquisition goal for Prosus. The proposed transaction is the most important up to now beneath Bloisi’s management. – © 2025 NewsCentral Media
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