AMSTERDAM (Reuters) - Just Eat Takeaway CEO Jitse Groen on Wednesday said the company remains in talks to sell its U.S. Grubhub subsidiary, but the sales process is "difficult" given the current M&A market.
"We've been in the sales process for quite some time," Groen said on a call following a fourth-quarter trading update.
"Realistically it is a very difficult process currently because there's not a lot of M&A going on in the sector."
In the trading update, Just Eat said fourth-quarter orders fell 12% but the company sees an operating profit of 225 million euros ($244 million) for 2023.
($1 = 0.9234 euros)
(Reporting by Toby Sterling; editing by Jason Neely)
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Jitse Groen founded Just Eat Takeaway.com NV. Presently, Mr. Groen is Chief Executive Officer at this company. He is also on the board of Funda Real Estate BV. Mr. Groen previously occupied the position of Co-Managing Director at yd.yourdelivery GmbH.
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| JUST EAT TAKEAWAY.COM N.V. | Chief Executive Officer |
