Grocery-delivery service ‘Just Eat’ has announced plans to purchase ‘La Nevera Roja’, it’s main competitor, from owners Rocket Internet. The German firm had purchased La Nevera Roja in February 2015 from founders Jose del Barrio and Inigo Juantegui, for 80 million euros.
Just Eat is the market leader in Spain, with the purchase practically assuring it monopoly status, with approximately 6 million deliveries daily. Details on the transaction have not yet been revealed.
Just Eat dominates de delivery market in Spain’s smaller cities, with La Nevera Roja representing serious competition only in larger cities such as Barcelona and Madrid. This would be the third takeover of a rival by Just Eat, having bought out Sin Delantal in 2012 and Food2U in 2015.
Full content: El Economista
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI