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Prosus To Acquire Remaining Stake In Ifood From Just Eat

Prosus To Acquire Remaining Stake In Ifood From Just Eat

08/19/22, 6:02 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/NL.svgamsterdam
Industry
financial services
Prosus (Euronext Amsterdam: PRX; JSE: PRX), a global consumer internet group and one of the largest technology investors in the world, today announced it has entered into an agreement to acquire the remaining 33.3% stake in iFood, from minority shareholder Just Eat Holding Limited for €1.5bn in cash plus a contingent consideration of up to €300m. Following the transaction, Prosus and its affiliate company, Movile (a Brazilian investor in technology companies) will fully own iFood.

Company Info

Company
Prosus
Location
Amsterdam, North Holland, Netherlands
Company info
Prosus is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities. The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors in markets including India and Brazil. Through its Ventures team, Prosus invests in areas including health, logistics, blockchain, and social commerce. Prosus actively seeks new opportunities to partner with exceptional entrepreneurs who are using technology to improve people’s everyday lives. Every day, billions of customers use the products and services of companies that Prosus has invested in, acquired or built. Hundreds of millions of people have made the platforms of Prosus’s associates a part of their daily lives. For listed companies where we have an interest, please see: Tencent, Delivery Hero, Remitly, Trip.com, Udemy, Skillsoft, Sinch and SimilarWeb. Today, Prosus companies and associates help improve the lives of more than two billion people around the world.

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