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Delivery services Takeaway and Just Eat agree on merger details


Essens-Lieferdienste and Just Eat agree on the details of their planned merger.

After the merger, the new group will be called Just Eat The deal will initially bring the new company annual cost savings of 10 million euros, as the two companies announced on Monday. The savings are expected to double by the fourth year after completion of the deal.

In addition, the two companies confirmed the already known purchase price, which had not yet been available in the form of a binding offer. Accordingly, the Just-Eat shareholders are to receive 0.09744 shares of the Dutch Lieferando parent company for each of their share certificates. According to the figures, this corresponds to a price of 731 pence per Just-Eat share and a premium of around 15 percent over Just Eat's closing price on 26 July.

In total, Just Eat's shareholders will thus receive a stake of around 52.2 percent in the merged company.

The shareholders of remained just in the minority. The shareholders of both companies still have to approve the transaction.

The Dutch company operates the portal in Germany, which was announced at the end of last year to take over the German business of Delivery Hero (Lieferheld, and Foodora) for almost one billion euros.

Takeaway, with more than 2,600 employees, connects consumers with almost 44,000 restaurants via the platform, according to its own figures.

With a market capitalization of 5.1 billion Euros, is slightly larger than Just Eat with the equivalent of 4.8 billion Euros. (dpa)

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

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