SM Trust sells remaining Just Eat Takeaway.com shares

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By Aidan Gregory
20 May 2020

SM Trust has offloaded €521m of stock in Just Eat Takeaway.com, the online food delivery company, following a rally during the Covid-19 pandemic as more customers order meals to their houses.

The sale sale was launched after the market close on Tuesday evening, with a deal size of 5.57m shares, a 3.7% stake in Just Eat Takeaway.com. Jefferies was sole bookrunner.

Market sources said the transaction was not auctioned and was wallcrossed.

At the €93.50 offer price, the ...

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