Just Eat Takeaway to delist from London, trade in Amsterdam

Just Eat Takeaway.com announced on Wednesday that it plans to delist from the London Stock Exchange, shortly after selling its US business.

Just Eat Takeaway to delist from London, trade in Amsterdam

The Amsterdam-based food delivery company, which was once part of the FTSE 100, was removed from FTSE indices in late 2021 when its nationality was reclassified to the Netherlands. In late 2022, it downgraded its London listing to a secondary status, with its primary listing on Euronext Amsterdam. The company said it has resumed its review of the best listing venues, considering factors such as liquidity, trading volumes, and the administrative and regulatory costs of maintaining both its primary listing in Amsterdam and secondary listing in London.

Simplifying operations

The decision to exit London aims to simplify operations by reducing the complexity and costs associated with maintaining the LSE listing. The delisting is expected to take effect next month, with the final day of trading in London set for December 24. This move follows Just Eat’s recent sale of its US business, Grubhub, to Wonder Group for USD 650 million. The sale, which ends a brief and challenging ownership period following the 2020 merger of Just Eat and Takeaway.com, is expected to be completed in Q1 of next year.