Steef89 schreef op 27 juni 2023 19:40:
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Transactions with non-controlling shareholders
In August 2022, the group entered into an agreement through its subsidiary MIH Movile Holdings B.V. (Movile) to acquire the
remaining 33.3% stake in iFood Holdings B.V. (iFood) and IF-JE Holdings B.V., from non-controlling shareholder Just Eat Holding
Limited (Just Eat) for €1.5bn in cash, plus a contingent consideration of up to a maximum of €300m at a future date. The
transaction was approved by Just Eat shareholders in November 2022. This agreement represents a contractual obligation to
acquire shares from non-controlling interest. The group recognised US$1.6bn in ‘Other current liabilities’ at inception of this
agreement consisting of the cash and the fair value of the contingent consideration. The liability was raised from the ‘Existing
control business combination reserve’ in equity prior to the transfer of the risks and rewards of ownership of these shares.
In November 2022, the shares were acquired from the non-controlling shareholders for the cash consideration of US$1.5bn
resulting in part settlement of the liability raised. At 31 March 2023, the fair value of the contingent consideration to be settled at
a future date amounted to US$88m. The group derecognised US$68m of non-controlling interest.