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BRIEF-Kinnevik says Holtzbrinck Ventures takes 2.5 pct stake in Rocket
August 22, 2014 / 7:07 AM / 3 years ago

BRIEF-Kinnevik says Holtzbrinck Ventures takes 2.5 pct stake in Rocket

STOCKHOLM, Aug 22 (Reuters) - Kinnevik : * Kinnevik welcomes Holtzbrinck ventures as a rocket shareholder * Holtzbrinck Ventures (“HV”), is contributing its entire stakes in seven of Rocket’s most developed e-commerce businesses directly into Rocket, in exchange for equity in Rocket Internet AG. * Says HV receives a 2.5% stake in rocket * Says post-closing, Kinnevik will own an 18.1% interest in rocket internet.

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