American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Business

Europe markets open: Stoxx 600 down 0.4% on geopolitics; Prosus launches Just Eat takeover

by admin May 19, 2025
May 19, 2025
Europe markets open: Stoxx 600 down 0.4% on geopolitics; Prosus launches Just Eat takeover

European stock markets commenced the trading week on a cautious footing Monday, with most major indices opening lower as investors turned their attention to a series of significant geopolitical events unfolding across the region.

Amidst this broader market sentiment, a major corporate development saw Dutch tech investor Prosus formally launch its multi-billion euro cash offer for food delivery giant Just Eat Takeaway.com.

The opening bell ushered in a period of negative sentiment across European bourses.

The pan-European Stoxx 600 index was down 0.4% shortly after trading began, reflecting a broad-based retreat.

Losses were evident across most sectors and all major national indices.

The UK’s FTSE 100 and France’s CAC 40 both shed 0.5%, while Germany’s DAX traded 0.2% lower, underscoring the cautious mood prevailing among investors.

Prosus moves forward with Just Eat takeaway acquisition

In a significant M&A development, Dutch technology investor Prosus officially launched its cash offer to acquire Just Eat Takeaway.com on Monday.

Prosus reiterated its offer price of 20.30 euros ($22.8) per share, a figure that values the delivery behemoth at approximately 4.1 billion euros (around $4.6 billion at current exchange rates).

This offer represents a substantial premium of 63% to Just Eat Takeaway’s closing price on February 21, when the deal was initially announced.

The offer period for this major acquisition is set to begin on Tuesday, with expectations that the transaction will be completed by the end of 2025.

Underscoring the strategic rationale behind the bid, Prosus CEO Fabricio Bloisi stated on Monday, “Europe is at a pivotal moment to create a new generation of AI-powered tech champions, and this transaction is a unique opportunity to lead that transformation.”

Endorsing the proposed takeover, Jitse Groen, CEO and founder of Just Eat Takeaway.com, issued a statement alongside the offer launch.

He confirmed that the company is “recommending that shareholders tender their shares and vote in favor of the takeover at its Extraordinary General Meeting in July.”

Geopolitics in focus

Beyond corporate news, European market participants on Monday are keenly focused on several pivotal geopolitical events that could significantly impact the region.

Firstly, a much-anticipated UK-EU summit is taking place in London.

It is widely expected that British Prime Minister Keir Starmer and European Commission President Ursula von der Leyen will announce a new defense and security pact.

Additionally, further agreements are anticipated concerning the reduction of bureaucratic red tape, youth mobility programs, and the easing of trade restrictions.

This summit comes amidst ongoing debate, with some critics suggesting that the British government’s approach risks reversing elements of Brexit.

Later in the day, attention will shift to a high-stakes call between US President Donald Trump and Russia’s President Vladimir Putin.

This direct communication follows the decision by both leaders to skip peace talks that were scheduled to be held in Turkey last week.

The failure to achieve a ceasefire in the ongoing conflict has seen both Russia and Ukraine blaming each other for the impasse.

The outcomes of these diplomatic engagements are being closely watched for their potential to influence market stability and international relations.

The post Europe markets open: Stoxx 600 down 0.4% on geopolitics; Prosus launches Just Eat takeover appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
SCHD ETF analysis: 2 catalysts to move the dividend fund this week
next post
XPeng stock price analysis: Is this Nio rival a buy ahead of earnings?

Related Posts

S&P 500 climbs for best day since early...

July 24, 2024

Citi Wealth CIO says traders ignoring warning signs...

June 28, 2025

Trade Desk has fallen steeply after S&P 500...

August 16, 2025

Nidec shares plunge 22% after suspected accounting scandal...

September 4, 2025

Commerzbank shares surge 17.5% as UniCredit buys 4.5%...

September 11, 2024

Asian markets open: Kospi soars over 3% to...

October 2, 2025

JetBlue stock price pattern points to a 55%...

January 27, 2025

Can Warren Buffett’s latest $338 million sale of...

October 3, 2024

Applebee’s owner plots turnaround to lure back fast-food...

May 11, 2024

Why has the Rolls-Royce share price jumped, and...

February 11, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Europe bulletin: Manchester synagogue attack aftermath, stocks close higher

      October 5, 2025
    • Evening digest: Trump sets deadline for Hamas, Canada’s slowdown, BTC rebounds

      October 5, 2025
    • Iran executes six people for alleged links to Israel, state media reports

      October 5, 2025
    • US digest: Trump’s Hamas ultimatum, government shutdown stalemate continues

      October 5, 2025
    • Japanese stocks may extend record run as Takaichi win revives ‘Abenomics’

      October 5, 2025

    Categories

    • Business (4,191)
    • Investing (2,958)
    • Latest News (2,080)
    • Politics (1,536)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved