Prosus NV said on Friday it will start to ‘squeeze out’ remaining shareholders of Just Eat Takeaway.com NV to take full ownership of the Amsterdam-based food delivery firm.
The Netherlands-based technology company holds 98.19% of shares in Just Eat Takeaway, including an additional 8.06% shares tendered after the close of acceptance period on Thursday.
Prosus, which is majority-owned by Cape Town-based Naspers Ltd, confirmed that Just Eat Takeaway will delist from Euronext Amsterdam on November 17.
After delisting, the changes to the composition of the Just Eat Takeaway board will become effective. As of the date of the delisting, Just Eat Takeaway Chair Dick Boer and other supervisory board members - Abbe Luersman, Angela Noon, Lloyd Frink and Mieke De Schepper - will resign.
The appointments of Prosus’s nominees - Prosus Chief Executive Officer Fabricio Bloisi, Prosus Head of Europe Roberto Gandolfo, and Prosus Head of Investments Fahd Beg - will become effective.
Earlier this month, Prosus said it had cleared all hurdles to for its all-cash Just Eat Takeaway offer.
Prosus in May formally launched an offer to acquire Just Eat Takeaway, in a deal valuing the Amsterdam-based food delivery firm around €4.1 billion.
Just Eat Takeaway shares were up 0.7% at €20.10 in Amsterdam on Friday morning.
Shares in Prosus shares were down 1.5% to R 1,163.26 in Johannesburg on Friday morning, and they were down 2.8% to €57.06 in Amsterdam.
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