20th May 2020 08:32
(Alliance News) - Jefferies International Ltd on Wednesday said SM Trust has sold 5.6 million shares in Just Eat Takeaway.com NV at EUR93.50 each.
Shares in the online takeaway platform - created through the merger of Just Eat PLC and Takeaway.com NV - were trading 2.0% lower at 8,400.00 pence each on Wednesday morning in London. In Amsterdam, the stock was down 2.2% at EUR94.40.
The investment management firm said the sale represents 3.8% of the Just Eat Takeaway.com's issued share capital and the entirety of SM Trust's stake.
Jefferies is acting as sole global coordinator on the transaction. Just Eat Takeaway will not receive any proceeds from the sale.
By Ife Taiwo; ifetaiwo@alliancenews.com
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Related Shares:
Just Eat Takeaw