FRANKFURT Aug 15 Germany's United Internet AG
said it was investing 435 million euros ($582 million)
for a 10.7 percent stake in Rocket Internet AG to cement a
strategic relationship with Rocket's chief executive and
founder, Oliver Samwer.
"United Internet's investment consists of 333 million euros
in cash and 102 million euros represented by United Internet's
equity participation in the portfolio of the Global Founders
Capital funds," United Internet said in a statement on Friday.
Global Founders Capital is a portfolio of over 50 venture
capital investments held jointly by United Internet and by the
personal investment vehicle of Oliver Samwer and his brothers,
the company said.
(1 US dollar = 0.7470 euro)
(Reporting by Jonathan Gould; editing by Jane Baird)