Takeaway.com, Thuisbezorgd.nl and pizza.be’s parent company, will head to the Amsterdam stock exchange with the primary goal is attract about 175 million euro.
Increase growth
Takeaway.com will issue both old and new shares, to both private and institutional investors. The money received will be used to continue its investments, mainly abroad. Forty million euro will go towards its autonomous growth, while 22.5 million euro will be used to pay for Just Eat Benelux’ acquisition.
“The listing will provide Takeaway.com with additional capital to strengthen our operations and to fund our marketing efforts with the aim of enhancing our proposition to our consumers”, CEO Jitse Groen stated in a press release. The meal delivery service is currently active in ten European countries and says it is the market leader in the Netherlands, Germany, Poland and Austria. It processed 34 million orders last year, worth 651 million euro.
Thuisbezorgd.nl is already profitable in the Netherlands, but many of the company’s foreign activities are not. Takeaway.com points to the marketing costs as the main reason for the onerous situation, exactly the reason why it recently sold its British activities.
