27th Dec 2024 09:04
Just Eat Takeaway.com NV - Amsterdam-based food delivery service - Cancels listing on London Main Market. As of Friday, the former FTSE 100 index constituent is solely listed on on Euronext in Amsterdam, where it has its primary listing. Just Eat is the result of a 2020 merger between the UK's Just Eat and the Netherlands' Takeaway.com. Index provider FTSE Russell in late 2021 reassigned the company's nationality to the Netherlands, resulting in its exclusion from the FTSE 100. In 2022, Just Eat converted its London listing to standard from premium. Late last month, it announced its plan to leave the London Stock Exchange entirely. The company cited "liquidity and trading volumes, as well as costs and administrative requirements" for its decision.
This follows Just Eat's November sale of loss-making US business, Chicago-based Grubhub Inc, to New York-based Wonder Group Inc. Grubhub sold at enterprise value, including debt, for USD650 million. The disposal is expected to be completed in the first quarter of 2025.
Current share price: down 0.4% at EUR13.70 each in Amsterdam
12-month change: down 3.7%
By Holly Munks, Alliance News reporter
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