Back in July last year, London-based Just Eat and Dutch food delivery giant Takeaway announced their merger as official. This massive deal lead to the creation of a new combined company called Just Eat Takeaway with shares touching 916p before Christmas 2019. However, the Competition and Markets Authority (CMA) launched a probe that delayed the merger worth €7.05B, and now, it is approved.
Just Eat Takeaway raises €700M through an accelerated bookbuild
Just Eat Takeaway is one of the world’s largest online food delivery marketplaces and in its latest announcement, the company says that it has managed to place 4,600,000 new ordinary shares, raising gross proceeds of €400.2 million through an accelerated bookbuild offering. The newly issued shares represent about 3.2% of the company’s issued share capital. Additionally, a concurrent offering of convertible bonds in the aggregate principal amount of €300 million is due April 2026.