Prosus 'very confident' of early EU antitrust nod for $4.7-billion Just Eat deal
Prosus is "very confident" of securing early EU antitrust approval for its €4.1-billion ($4.72 billion) acquisition of Just Eat Takeaway.com, the Dutch technology investor said on Monday.
Prosus sought approval for the deal from the European Commission on Friday, the company told journalists, as it seeks to create what it calls a "European tech champion" of food delivery.
"We are working constructively with the Commission and are fully committed to securing approval and closing the transaction as swiftly as possible," the company said in a separate emailed statement. The Commission, which acts as the competition enforcer in the 27-country European Union, could clear the deal with or without concessions, or it could open a four-month investigation at the end of its preliminary review if it has serious concerns.
The deal would make Prosus, which is majority owned by South Africa's Naspers, the world's fourth-largest food delivery company after Meituan, DoorDash and Uber, according to ING analysts.
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