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Home Startups Rocket Internet Exits Zalando

Rocket Internet Exits Zalando

by Sam Wakoba
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zalandoRocket Internet has technical exited Zalando after it transferred its shares to its own shareholders Kinnevik, European Founders Fund (EFF) and Access Industries.

After the transfer, Kinnevik now holds 37 percent shares in Zalando GmbH directly, making it the largest shareholder of the Berlin-based e-commerce company.

According to Rubin Ritter, Managing Director of Zalando, “With this transfer, Kinnevik now officially is Zalando’s largest shareholder. This step once more assures the long-term nature of our partnership. We welcome Access Industries as our new shareholder and we are looking forward working together.”

Kinnevik has already been the largest shareholder in Zalando since October 2012, holding part of the shares indirectly through its investment in Rocket Internet. Besides Kinnevik, the Rocket Internet shareholders European Founders Fund and Access Industries have received a direct share in Zalando.

Danish fashion magnate Anders Holch Povlsen today acquired a 10 per cent stake in Zalando for an undisclosed amount.

 

Here is a brief on Zalando’s ownership

Investment AB Kinnevik: 37%
European Founders Fund: 18%
Anders Holch Povlsen: 10%
DST Global: 9%
Holtzbrinck Ventures: 8%
Tengelmann Ventures: 6%
Others: 12%

 

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