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Just Eat Takeaway (JET)

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Thursday 16 April, 2020

Just Eat Takeaway

Hold separate order Just Eat Takeaway.com lifted

RNS Number : 9239J
Just Eat Takeaway.com N.V.
16 April 2020
 

Amsterdam, 16 April 2020

Hold separate order for Just Eat Takeaway.com lifted by the CMA

Just Eat Takeaway.com N.V. (AMS: TKWY), hereinafter the "Company", or together with its group companies "Just Eat Takeaway.com", one of the world's largest online food delivery marketplaces, has been informed by the UK Competition and Markets Authority ("CMA") that it considers it appropriate to revoke the Initial Enforcement Order ("IEO") as of 15 April 2020, while it carries out its investigation.

 

Under the IEO imposed on the Company and Just Eat by the CMA on 30 January 2020, the Company was prohibited from integrating the businesses, and no business secrets, know-how, commercially-sensitive information, intellectual property or any other information of a confidential or proprietary nature relating to either of the two businesses was allowed to be shared between the Company and Just Eat, unless otherwise permitted by the CMA.

 

The revocation of the IEO means that these restrictions no longer apply, and that Just Eat Takeaway.com is now free to integrate the two businesses. The CMA's investigation remains ongoing.

 

The CMA confirmed the start of its formal initial Phase 1 review of the Just Eat transaction on 19 March 2020. The CMA has 40 working days to conduct this review, making 19 May 2020 the deadline for notification of a Phase 1 decision.

 

The Company has been engaging constructively with the CMA throughout its review and will continue to do so.

 

Just Eat Takeaway.com

Jitse Groen, CEO
Brent Wissink, CFO
Joerg Gerbig, COO

Investors:
Joris Wilton
E: [email protected]
T: +31 6 143 154 79

Media:

Charles Armitstead / Ben Foster   +44 (0) 20 7096 3184

E: [email protected]

 

For more information please visit our corporate website: https://corporate.takeaway.com

About Just Eat Takeaway.com N.V.  

Just Eat Takeaway.com (LSE: JET, AMS: TKWY) is a leading global online food delivery marketplace outside China.

Headquartered in Amsterdam, the Company is focused on connecting consumers and restaurants through its platforms. With over 155,000 connected restaurants, Just Eat Takeaway.com offers consumers a wide variety of food choice. Just Eat Takeaway.com mainly collaborates with delivery restaurants. In addition, Just Eat Takeaway.com provides its proprietary restaurant delivery services for restaurants that do not deliver themselves.

The combination of Just Eat and Takeaway.com has rapidly grown to become a leading online food delivery marketplace with operations in the UK, the Netherlands, Germany, Denmark, France, Ireland, Italy, Norway, Spain, Belgium, Poland, Austria, Israel, Switzerland, Luxembourg, Portugal, Bulgaria, Romania, Australia & New Zealand, Canada, Mexico and Brazil.

Market Abuse Regulation

This press release contains inside information as meant in clause 7(1) of the Market Abuse Regulation.

Disclaimer

Statements included in this press release that are not historical facts (including any statements concerning investment objectives, other plans and objectives of management for future operations or economic performance, or assumptions or forecasts related thereto) are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may and often do differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made.

The Company expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.

 

 

 


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