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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now