The transaction was one of a series of sales of Rocket Internet and Grupo Foodpanda companies valued at €125 million

Rocket Internet, a German IT company, and the international food distribution group, Foodpanda, have sold Grupo Yamm Comida a Domicilio S.L. (La Nevera Roja), based in Spain, to the British company Just Eat, as well as other food distribution companies in Italy (PizzaBo and hellofood Italia), Brazil (hellofood Brazil) and Mexico (hellofood Mexico). The transaction is yet to be approved by the competition authorities.

The transaction reached a value of €125 million.

Cuatrecasas, Gonçalves Pereira advised Rocket Internet and Grupo Foodpanda on the transaction's legal aspects subject to Spanish legislation through a multidisciplinary team from the Barcelona and Madrid offices. Partner Kai Christian Fischer led the legal team with counsels, Diana Rivera, Irene Moreno-Tapia and Alejandro Negro.