Prosus obtains clearance for Just Eat deal from European Commission
The European Commission has cleared Prosus's acquisition of Just Eat Takeaway.com (JET), global consumer internet group Prosus on Monday said.
This was the final regulatory approval needed to close the offer. Clearance allows Prosus to move forward with its vision to build a leading European tech ecosystem, one that will lead not only in food delivery, but in consumer platforms and AI.
Prosus said its investment in AI will reinvent the consumer experience, and by scaling its AI solutions across JET's European operations, will better serve millions of customers every day.
Fabricio Bloisi, Prosus's CEO said, 'We're thrilled by the European Commission's swift approval of our acquisition of JET. Innovation doesn't wait, and we can now get to work quickly, as AI is rapidly reshaping food delivery. This milestone marks a bold investment in Europe's AI future and strengthens our commitment to the continent.
'With JET's trusted brand and leading positions, combined with Prosus's technical expertise and global scale, we're poised to accelerate growth, enhance customer experiences, and unlock new value for our partners, drivers, and shareholders. Our ambition is clear: to build a true European tech champion and lead the next chapter in food delivery innovation,' Bloisi said.
Prosus has engaged constructively with the European Commission over the past months to secure regulatory clearance. As part of Prosus's continued commitment to fostering a dynamic and competitive food delivery sector in Europe, Prosus said it has agreed to significantly reduce its equity stake in Delivery Hero to a single digit percentage, within 12 months of the European Commission approval.
In addition, Prosus will not recommend or appoint any future individual connected with Naspers/Prosus to the Delivery Hero Management or Supervisory Boards, or governing bodies.
"These commitments reflect Prosus's desire to move swiftly and bring JET into the Prosus ecosystem and begin the work necessary to accelerate JET's performance," it said.
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