Commenting on this week’s announcement by Prosus that it is willing to offer an near 50% premium for the Dutch tech company, Just Eat Takeaway.com, Mergence head of equities, Peter Takaendesa, said that the group was delivering on its promise to the maket of material acquisitions that strengthen its e-commerce ecosystem, as well as building on its existing assets in the food delivery business. However, some investors may likely believe that a buy-back of Prosus’ own shares rather than acquisitions would yield better risk-adjusted returns. Management will need to prove its case.

Urgent investment needed to mitigate the effects of climate change in Africa
How to mitigate the effects of climate change in Africa? In the latest Catalyst Magazine published by Dealmakers, Hubert Gutsa,