Naspers Invests EUR 387 Million in Delivery Hero
12 MAY 2017, BERLIN
SummaryDelivery Hero Group ("Delivery Hero") has today announced an investment of EUR 387 million, primarily in newly issued shares, by global internet and entertainment group Naspers, at a valuation in line with the previous valuation. Rocket Internet SE's ("Rocket Internet" or the "Company") (ISIN DE000A12UKK6) fully-diluted stake in Delivery Hero will decrease due to the Naspers' investment and other effects from c. 38% to c. 33% (depending on the final transaction structure).
This document contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of Rocket Internet SE ("Rocket Internet") and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations and competition from other companies, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, and other factors. Rocket Internet does not assume any obligations to update any forward-looking statements.
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About Rocket Internet
About Rocket Internet
Rocket Internet incubates and invests in internet and technology companies globally. It provides operational support to its companies and helps them scale internationally. Rocket Internet focuses predominantly on four industry sectors of online and mobile retail and services that make up a significant share of consumer spending: Food & Groceries, Fashion, General Merchandise and Home & Living. Rocket Internet’s selected companies are active in a large number of countries around the world with more than 33,000 employees. Rocket Internet SE is listed on the Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information please visit www.rocket-internet.com.