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Evening Standard
Evening Standard
Business
Simon Hunt

Just Eat Takeaway sells iFood stake in £1.5 billion deal

Just Eat courier

(Picture: Just Eat)

Just Eat Takeaway has sold its stake in Brazilian food delivery firm iFood in a €1.8 billion (£1.5 billion) deal.

The deal sees Dutch investment firm Prosus take full ownership of iFood. Prosus have offered Just Eat €1.5 billion in cash plus a further €300 million conditional on the recovery of the food delivery sector.

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