Just Eat Takeaway.com has completed the sale of its. US subsidiary Grubhub to the Wonder Group. The transaction, with an enterprise value of approximately €629 million, strengthens Just Eat Takeaway.com’s strategic focus on its core markets.
Financial details of the transaction Group by Just Eat
The sale was completed at an . Enterprise job function email list value of $650 million (approximately €629 million). Grubhub was transferred along with its million (approximately €484 million) senior notes. After taking into account costs and customary adjustments. Just Eat Takeaway.com expects net proceeds of up to €48 million from the sale.
Strategic advantages of the transaction
The company had already announced its intention the new government software development company to sell Grubhub to. The Wonder Group in November 2024. This move will enable Just Eat Takeaway.com to focus on markets with the greatest competitive advantages. The transaction not only improves. The growth momentum of gross transaction volume (GTV) and free cash flow. But also has a positive impact on the company’s capital structure and liquidity.
Focus on core markets
With the sale of Grubhub , Just Eat Takeaway.com is canada cell numbers consistently . Pursuing its strategy of focusing on its strongest markets. The company expects to be able to invest. The funds released from the transaction in targeted growth initiatives to further strengthen its market position in these regions.
