French investor says Prosus bid undervalues Just Eat Takeaway.com by 64%
Shareholder believes European food delivery business is worth more than double the proposed purchase price
03 April 2025 - 05:00
French fund manager BDL Capital Management has slammed Prosus’ bid for Just Eat Takeaway.com, saying the offer for one of Europe’s largest food delivery businesses is less than half of what it considers fair value.
“As a long-term investor in the company [Just Eat], BDL is concerned about the bid price and the way in which the bid is structured,” the fund manager said in a statement on Wednesday. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.