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Prosus CEO remains confident in bid for Just Eat

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By Reuters
Prosus CEO remains confident in bid for Just Eat
FILE PHOTO: Signage for Just Eat is seen on the window of a restaurant in London, Britain, August 5, 2019. REUTERS/Toby Melville./File Photo   -   Copyright  Toby Melville(Reuters)

AMSTERDAM (Reuters) – Technology company Prosus <PRX.AS> remains confident about its bid for British meal delivery business Just Eat <JE.L>, Chief Executive Bob van Dijk said on Friday, despite an increase in the value of rival’s all-share bid.

“The multiples of Takeaway are high, which we think basically reflects a very significant amount of downside risk, and if anything that downside risk has increased”, Van Dijk told reporters.

“Our offer is a full offer that we feel confident about. The multiples of Takeaway now only strengthen our story.”

(Reporting by Bart Meijer; Editing by David Goodman)