Just Eat Sells IFood Stake to Prosus for $1.8 Billion
- Company previously dismissed a $2.3 billion bid for the stake
- Prosus will now fully own the Brazilian delivery company
A food delivery courier for Just Eat Takeaway.com NV.
Photographer: Hollie Adams/BloombergThis article is for subscribers only.
Just Eat Takeaway.com NV agreed to sell its 33% stake in Latin American joint venture iFood to Prosus NV for as much as 1.8 billion euros ($1.8 billion).
The deal fulfills a pledge to investors and will bolster Just Eat’s balance sheet, albeit at a price below a previous offer for the shares. The company said last year that a 2.3 billion-euro offer for its iFood holdings was inadequate.