Noerr has advised the foodpanda Group on the sale to JustEat of food delivery service companies which do not belong to foodpanda’s core business.
The transaction affects the markets in Brazil and Mexico as well as the Rocket internet services in Italy (Pizzabo) and Spain (La Nevera Roja). The total purchase price is EUR125 million.
The transactions in Italy, Brazil and Mexico have been completed. Clearance by the Spanish antitrust authorities is expected to be given in the second quarter 2016.
In this transaction the Noerr team worked closely together with the firm’s UK partner law firm Addleshaw Goddard. With its Private Equity & Venture Capital Practice Group,
