BDL Capital Administration considers the worth Prosus provided for Simply Eat Takeaway.com to be unfair to minority shareholders, the Paris-based asset supervisor mentioned in a report on Tuesday.
In late February, the Dutch know-how investor, which is managed by South Africa’s Naspers, agreed to purchase Simply Eat Takeaway for €20.30/share to create a “European tech champion” of meals supply.
The value needs to be €56.10/share based mostly on BDL’s fair-value calculation, it mentioned within the report revealed on its web site. BDL holds 2.04% in Simply Eat Takeaway, in keeping with LSEG information.
This value was calculated by analysing enterprise value-to-gross transaction worth (EV/GTV) and EV-to-Ebitda multiples in previous Simply Eat transactions, different transactions within the sector and for listed friends, BDL mentioned.
It additionally took under consideration Simply Eat’s 2025 steerage, its “intrinsic” worth and attainable synergies which it estimated at greater than €100-million/12 months.
“Simply Eat Takeaway.com believes that Prosus has made a compelling provide representing a lovely money premium to Simply Eat Takeaway.com’s shareholders, in addition to beneficial non-financial phrases and commitments in respect of deal certainty,” Simply Eat mentioned through e-mail.
Learn: Koos Bekker offloads R3-billion in Prosus shares
Prosus didn’t instantly reply to a request for remark. — Michal Aleksandrowicz, (c) 2025 Reuters
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