The European Union has granted conditional antitrust approval for Prosus's acquisition of Just Eat Takeaway, valuing the deal at approximately €4.1 billion ($4.8 billion or £3.6 billion). The approval aims to foster competition in the European food delivery market and create a European technology champion to rival U.S. competitors such as DoorDash, which owns Deliveroo. The acquisition, led by the Dutch investment group Prosus, a subsidiary of South African firm Naspers, was cleared after the EU imposed several conditions to address competition concerns. This move marks a strategic consolidation in the food delivery sector within Europe.
Associated British Foods, owner of UK bread brand Kingsmill, agreed to buy rival baker Hovis from its private equity backer https://t.co/Yt9UXuaoMz
Associated British Foods Announces Agreement to Acquire Hovis Group
AB Foods Says Acquisition Will Integrate Production and Distribution Operations of Both Businesses