Meal delivery platform Takeaway.com and British meal delivery company Just Eat have reached an agreement on a merger, both companies announced on Monday. An agreement in principle was reached last week.
The agreement creates one of the largest players in the field of meal delivery in Europe. Added together, Just Eat and TakeAway took 360 million orders last year with a value of 7.3 billion euros. The group, which is to be called Just Eat Takeaway.com NV, will be market leader in, among others, the United Kingdom, Germany, the Netherlands, Belgium and Poland.
The current shareholders of Just Eat receive a majority in the new company with a stake of 52.2 percent. The current shareholders of Takeaway will receive a stake of 47.8 percent. The company will be led by Jitse Groen, founder of Takeaway.com.
The headquarters of the new company will be in Amsterdam, but the stock exchange listing will be in London. Taking Takeaway shares off the Amsterdam stock exchange takes about a year, until then the company trades its shares in both Amsterdam and London.
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