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Rocket Internet completely exits Hellofresh

14-May-2019

The Berlin start-up investor Rocket Internet has launched its remaining stake in the cooker box mail-order company Hellofresh. The approximately 43.7 million shares were placed with institutional investors for EUR 8 per share, Rocket Internet announced on Tuesday. With this package, Rocket generated revenue of almost 350 million euros.

Rocket Internet still held just under 29 percent of Hellofresh. Rocket had taken the company public at the end of 2017. By 2018 Hellofresh had grown faster than expected. In addition, the operating loss was lower than feared.

Rocket Internet founds and invests in Internet and technology companies. Rocket Internet itself is also listed on the stock exchange and is listed in the MDax for medium-sized companies. (dpa)

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

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