Just Eat Takeaway grabs cash, sells Brazil's iFood to Prosus for 1.8 billion euros

FILE PHOTO: Prosus' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration

AMSTERDAM (Reuters) -Technology investor Prosus said on Friday it would pay up to 1.8 billion euros ($1.81 billion) to buy the 33% stake in Brazil's iFood from rival Just Eat Takeaway.com that it does not already own.

The deal will give Prosus sole control of iFood, considered one of the most attractive food delivery businesses in one of the world's biggest markets. It also gives Takeaway, which is racing to achieve profitability, a vital cash infusion.