Last checked at 16 Apr 2020 14:08
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, CEOBrent Wissink, CFOJoerg Gerbig, COO
Investors:Joris WiltonE: Joris.Wilton@takeaway.comT: +31 6 143 154 79
Media:
Charles Armitstead / Ben Foster +44 (0) 20 7096 3184
E: Takeaway@teneo.com
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.
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