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Rocket Internet Exits Zalando

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.”

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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.

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Here is a brief on Zalando’s ownership

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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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Sam Wakoba
Sam Wakobahttp://techmoran.com
Taking you on tour through Africa's tech and business ecosystem, one story at a time since 2010! Based out of Nairobi, Kenya, Sam is the founder and managing director of Moran Media, which runs  TechMoran.com, various other digital platforms and a startup incubation hub for Kenya's youthful entrepreneurs. Drop me a mail at [email protected]

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