Just Eat snapped up at a fraction of its pandemic peak as appetite for takeaways wanes

Eat is scheduled to be obtained only for 4.1 billion euros (3.4 billion pounds)-whose value is not exceeding at the height of the epidemic-depends on a flagrant reflection of the afternoon stagnation in the demand for waving.

The Anglo-Fuch giant, listed in Amsterdam, officially known as mere eating in eating, confirmed on Monday that he agreed to a purchase by the Dutch investment group PROSUS at a price of 20.30 euros per share. This step comes just two months after I dropped a dual menu in London.

Although the offer represents a 49 percent installment to the average company's evaluation over the past three months, it is still a sharp discount compared to the price of the 100 euros arrow during the epidemic, when the highly shipped delivery orders. At its peak in 2021, it was just eating in ready -made meals worth 14.2 billion pounds.

The end of Covid's restrictions sparked a slowdown in ready -made meals, which increases Eat Just problems after a turbulent battle in the American market. In 2021, the company spent $ 7.3 billion (5.8 billion pounds) in New York-based GRUBHub, only to sell it for a small part of that-650 million dollars-last year.

The new new PROSUS offer represents the last chapter in its PUST EAT, after I first tried to buy business for 5.5 billion pounds in 2019., in a deal that the joint group estimated at about 9 billion pounds. Since then, stocks have decreased by 80 percent of their highest levels in the epidemic.

You only need to eat under pressure in the UK, in the face of fierce competition from its competitors Deliveroo and Uber Eats. Mr. Groen said that PROSUS “completely supports our strategic plans, and will help its extensive resources to increase our investments.”

PROSUS-owned by NASPERS, South Africa, owned by NASPERS in South Africa-has a strong presence in the international food delivery, and has large stakes in the delivery champion in Germany, the Chinese Meituan, the Brazilian Ifood and Swiji in India. The CEO of Prosus Fabricio Bloisi Just Eat described the “European Technology Champion” in the preparation phase.

The share of the shares in other European food delivery companies strengthened, as the delivery of 7 percent increased and the delivery champion climbed by 8 percent. However, Prosus shares decreased by about 7 percent in the early Amsterdam trading.

Analysts expect that this step can lead to more unification in the fast food delivery market. With the continued decline in the initial mutation that is washed at the epidemic in the requests, companies are under pressure to expand the scope of revenue flows and reduce costs to stay capable of competition.