Prosus NV Edges Closer to EU Approval for $4.74 Billion Just Eat Takeaway Acquisition

In a significant development, Prosus NV, a Dutch investment company, is poised to receive EU antitrust approval for its massive $4.74 billion acquisition of Just Eat Takeaway. The proposed deal has been under scrutiny, with regulators keen to assess its impact on the competitive landscape. However, Prosus has taken steps to alleviate concerns, agreeing to sell down its stake in Delivery Hero and relinquish its board seat.

These concessions have seemingly paid off, as the EU is now on the cusp of giving the green light to the acquisition. Despite this positive news, the stock price of Prosus has taken a hit, declining by 3.71% to 48.32 euros. This makes it one of the worst-performing stocks in the Netherlands, leaving investors wondering what’s behind the sudden downturn.

However, analysts remain optimistic about the company’s prospects. Two experts have recommended a buy rating, with a target price of 63.50 euros. This represents a potential 12.61 euro increase from the current price, making it an attractive opportunity for investors looking to get in on the ground floor.

Key Takeaways:

• Prosus NV poised to receive EU antitrust approval for $4.74 billion Just Eat Takeaway acquisition
• Company agrees to sell down stake in Delivery Hero and relinquish board seat to address competition concerns
• Stock price declines by 3.71% to 48.32 euros, making it one of the worst-performing stocks in the Netherlands
• Analysts recommend buy rating with target price of 63.50 euros, representing a potential 12.61 euro increase from current price