Naspers-controlled Prosus, which lost out on its bid to beef up its food delivery business through a takeover of UK company Just Eat, will probably increase its stake in Brazil’s iFood, analysts say.

Prosus’s aggressive £5bn (R97.95bn) bid for Just Eat at the end of 2019 highlights its ambitious strategy to build a bigger food delivery business to take on Silicon Valley giant Uber Eats and Amazon-backed Deliveroo...

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