22 August 2022

Just Eat Takeaway.com sells iFood stake to Prosus

Reinier KleipoolKlaas de Vries+ 6 other team members

De Brauw advised Just Eat Takeaway.com N.V. on the sale of its ~33% stake in iFood, a leading food delivery company in Latin America, to Prosus. The cash consideration amounts to EUR 1.5 billion, as well as a conditional EUR 300 million payable depending on the performance of the food delivery sector. Completion of the sale is conditional on approval of the sale by Just Eat Takeaway.com's general meeting. Following the transaction, Prosus will hold (through its subsidiary) 100% in iFood.