Delisting Does Not Indicate Plan To Sell Grubhub, Says Just Eat Takeaway CEO

Just Eat Takeaway.com CEO Jitse Groen said on Sunday the company’s decision to de-list its shares from the Nasdaq stock exchange should not be taken as an indication of plans to sell its Grubhub subsidiary.

The company announced its intention to delist its US shares on Tuesday. Shares of the Amsterdam-based company remain listed on the Amsterdam and London stock exchanges.

“This is a cost reduction measure,” Groen told Dutch television programme Business Class in an interview. He repeated…


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