Overview

• Just Eat Takeaway will cease trading on the London Stock Exchange on December 24, 2024, consolidating its focus on its primary listing in Amsterdam.
• The company attributed the decision to the administrative burden, complexity, and costs of maintaining a dual listing, as well as low liquidity and trading volumes in London.
• This move follows a broader trend of major companies, including CRH and Flutter Entertainment, shifting away from London due to concerns over its financial competitiveness.
• Just Eat recently sold its US-based Grubhub for $650 million, a significant loss from its original $7.3 billion acquisition price in 2021.
• Despite the delisting, Just Eat emphasized its continued commitment to the UK market, where it serves 97% of the population and maintains extensive grocery and restaurant partnerships.