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HomeAll NewsMost read newsBusiness Leaders Biography 
Age : 44
Public asset : 336,478,333 USD
Linked companies : Just Eat Takeaway.com N.V.
Biography : Jitse Groen founded Just Eat Takeaway.com NV. Presently, Mr. Groen is Chief Executive Officer at...

Takeaway CEO Groen: sales process for Grubhub 'difficult' given current M&A market

01/18/2023 | 10:10am EDT
A Grubhub delivery bag is seen on a bicycle in Brooklyn, New York City

AMSTERDAM (Reuters) - Just Eat Takeaway CEO Jitse Groen on Wednesday said the company remains in talks to sell its U.S. Grubhub subsidiary, but the sales process is "difficult" given the current M&A market.

"We've been in the sales process for quite some time," Groen said on a call following a fourth-quarter trading update.

"Realistically it is a very difficult process currently because there's not a lot of M&A going on in the sector."

In the trading update, Just Eat said fourth-quarter orders fell 12% but the company sees an operating profit of 225 million euros ($244 million) for 2023.

($1 = 0.9234 euros)

(Reporting by Toby Sterling; editing by Jason Neely)


ę Reuters 2023
Stocks mentioned in the article
ChangeLast1st jan.
JUST EAT TAKEAWAY.COM N.V. -3.90% 16.786 Real-time Quote.-15.01%

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