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January 26, 2018updated 24 Dec 2021 5:58am

M&As this week: Takeaway.com, Compagnie Financiere, eCargo

Takeaway.com intends to merge with Germany-based online food ordering and delivery services provider Delivery Hero.

Takeaway.com intends to merge with Germany-based online food ordering and delivery services provider Delivery Hero.

The market capitalisations of Delivery Hero and Takeaway.com are $7.47bn and $2.39bn respectively.

Based in the Netherlands, Takeaway.com provides online food delivery services.

“The transaction will enable Compagnie Financiere to expand its online retailing and product portfolio, while also allowing it to enter new markets.”

Compagnie Financiere Richemont (Richemont) intends to acquire the remaining 51% interest in Italian online fashion retailer Yoox Net-A-Porter (YNAP) for €2.8bn ($3.42bn).

Richemont is a Switzerland-based provider of luxury goods, including jewellery, luxury watches and writing instruments.

Richemont will hold 25% of the voting rights of YNAP, following the transaction.

The transaction will enable Compagnie Financiere to expand its online retailing and product portfolio, while also allowing it to enter new markets.

eCargo has agreed to acquire a 45% stake in Jessica’s Suitcase.

Jessica’s Suitcase is an Australian e-commerce company established by Jessica Rudd.

The transaction will involve payment in the form of CHESS Depository Interests (CDIs), representing 80.25 million shares, to Jessica Rudd.

Yonghui Superstores and Tencent Holdings have entered an agreement with Carrefour to acquire Carrefour China Holdings.

Yonghui Superstores operates supermarkets across China, while Tencent Holdings offers internet and web portal services for customers in China.