NW Tech Transformers Banner

Posted on January 13, 2020 by staff

Shareholders agree to Just Eat merger

Just Eat shareholders have accepted a share offer from Takeaway.com.

The merged company Just Eat Takeaway.com – which will be headquartered in Amsterdam in the Netherlands – will become one of world’s largest meal delivery firms.

It will have 40 million customers across 20 countries.

Takeaway said that 80.4 per cent of Just Eat shareholders agreed to its £6.2 billion all-share offer, surpassing the necessary 50 per cent threshold.

“I am thrilled,” Takeaway CEO and founder Jitse Groen said in a statement. “Just Eat Takeaway.com is a dream combination and I am very much looking forward to leading the company for many years to come.”

Just Eat shareholders will own approximately 52.2 per cent of the new company, while Takeaway.com shareholders will own approximately 47.8 per cent.

Takeaway.com CEO Jitse Groen will become CEO of the merged company while Paul Harrison, CFO of Just Eat, will assume the role of CFO of the combined group.

Brent Wissink, currently CFO of Takeaway.com, and Jörg Gerbig, currently COO of Takeaway.com, will assume the role of co-COOs.

Mike Evans, currently the chairman of Just Eat, will assume the role of chairman of the supervisory board of the Combined Group. Adriaan Nühn, currently chairman of the Takeaway.com supervisory board, will assume the role of vice-chairman.

Just Eat will continue to be listed on the London Stock Exchange and maintain a significant part of its operations in the UK.