Just Eat Takeaway.com N.V. (AMS: TKWY), hereinafter the "Company", or together with its group companies "Just Eat Takeaway.com", one of the world’s largest online food delivery marketplaces, has been informed by the UK Competition and Markets Authority (“CMA”) that it considers it appropriate to revoke the Initial Enforcement Order (“IEO”) as of 15 April 2020, while it carries out its investigation.
Under the IEO imposed on the Company and Just Eat by the CMA on 30 January 2020, the Company was prohibited from integrating the businesses, and no business secrets, know-how, commercially-sensitive information, intellectual property or any other information of a confidential or proprietary nature relating to either of the two businesses was allowed to be shared between the Company and Just Eat, unless otherwise permitted by the CMA.
The revocation of the IEO means that these restrictions no longer apply, and that Just Eat Takeaway.com is now free to integrate the two businesses. The CMA’s investigation remains ongoing.
The CMA confirmed the start of its formal initial Phase 1 review of the Just Eat transaction on 19 March 2020. The CMA has 40 working days to conduct this review, making 19 May 2020 the deadline for notification of a Phase 1 decision.