23 Nov 2022
Acquisition of the remaining 33.3% stake in iFood from Just Eat
On 19 August 2022, Prosus announced that Prosus group had entered into an agreement to acquire the remaining 33.3% stake in iFood Holdings B.V. and IF-JE Holdings B.V., from minority shareholder Just Eat Holding Limited for €1.5bn in cash.
Prosus N.V.
(Incorporated in the Netherlands)
(Legal Entity Identifier: 635400Z5LQ5F9OLVT688)
AEX and JSE Share Code: PRX ISIN: NL0013654783
(Prosus)
Acquisition of the remaining 33.3% stake in iFood from Just Eat
On 19 August 2022, Prosus announced that Prosus group had entered into an agreement to acquire the remaining 33.3% stake in iFood Holdings B.V. and IF-JE Holdings B.V., from minority shareholder Just Eat Holding Limited for €1.5bn in cash, plus a contingent consideration of up to a maximum of €300m in cash.
Closing of the transaction was subject to approval by the Just Eat Takeway.com N.V. shareholders.
Shareholders are advised that the requisite approval has been obtained from the Just Eat Takeaway.com N.V. shareholders and the transaction closed on 22 November 2022.
Amsterdam, the Netherlands, 23 November 2022
JSE sponsor to Prosus: Investec Bank Limited
Disclaimer
This announcement does not constitute, or form part of, an offer or any solicitation of an offer for securities in any jurisdiction.
The information contained in this announcement may contain forward-looking statements, estimates and projections. Forward-looking statements involve all matters that are not historical and may be identified by the words “anticipate”, ”believe”, ”estimate”, ”expect”, ”intend”, ”may”, ”should”, ”will”, ”would” and similar expressions or their negatives, but the absence of these words does not necessarily mean that a statement is not forward-looking. These statements reflect Prosus' intentions, beliefs or current expectations, involve elements of subjective judgement and analysis and are based upon the best judgement of Prosus as of the date of this announcement, but could prove to be wrong. These statements are subject to change without notice and are based on a number of assumptions and entail known and unknown risks and uncertainties. Therefore, you should not rely on these forward-looking statements as a prediction of actual results.
Any forward-looking statements are made only as of the date of this announcement and neither Prosus nor any other person gives any undertaking, or is under any obligation, to update these forward-looking statements for events or circumstances that occur subsequent to the date of this announcement or to update or keep current any of the information contained herein, any changes in assumptions or changes in factors affecting these statements and this announcement is not a representation by Prosus or any other person that they will do so, except to the extent required by law.
About Prosus
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.
Through the Prosus Ventures team, the group invests in new technology growth opportunities within logistics, fintech, health, blockchain, social and ecommerce platforms, agriculture and more.
The team actively backs exceptional entrepreneurs using technology to improve people's everyday lives.
Each month, over two billion customers across the globe use the products and services of companies that Prosus has invested in, acquired or built.