Prosus to take Takeaway’s place in Amsterdam’s blue chip index

Photo: Just Eat Takeaway.com
Photo: Takeaway.com

Meal delivery company Takeaway will be demoted to Amsterdam’s Midkap index during the end of year reshuffle, and its place will be taken by arch rival Prosus, the Financieele Dagblad said on Wednesday.

The two companies are currently embroiled in a takeover battle for British delivery firm Just Eat.  In October, Prosus made a hostile takeover bid for Just Eat, which reached a deal earlier this year to merge with Takeaway.

Prosus, a technology stock and part of South African group Naspers, listed in Amsterdam in September. It is four times the size of Takeaway in terms of market capitalisation.

Takeaway’s demotion pushes satnav maker TomTom into the smallcap index, alongside biotech company Vivoryon. Business bank NIBC leaves the index of 25 small stocks and BinckBank was already out following its takeover by Saxo earlier this year.

The changes will come into effect on December 23.

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