Just Eat Takeaway joins Prosus ecosystem after R83 billion buyout
With a market capitalization just under R1 trillion, Naspers is South Africa’s most valuable company, much of its wealth tied to its stake in Chinese tech giant Tencent.
According to BusinessTech, Naspers’ subsidiary Prosus — a Netherlands-registered investment company — has acquired the popular food delivery service Just Eat Takeaway (JET), which operates in nearly 20 European countries, Israel, Canada, and Australia.
Prosus confirmed that more than 180 million JET shares, representing over 90% of the company’s equity, were sold for €4.1 billion (approximately R83 billion), with the transaction now successfully completed.
“I am very pleased with the outcome of the offer and delighted to welcome JET into the Prosus ecosystem,” said Fabrizio Bluazi, CEO of Prosus.
JET on the verge of major transformation
He added that the next step is to “act quickly and transform JET by focusing on product, customer, and innovation, into a true European tech leader shaping the future of food delivery.”
Prosus and JET also plan to delist JET’s ordinary shares from Euronext Amsterdam as soon as possible, after which five current supervisory board members will step down.
The new board will include three Prosus representatives: Fabrizio Bluazi, Roberto Gandolfo, and Fahd Bega.
As we wrote, South African banks report surge in digital wallet transactions
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