07.01.2015
Rocket Internet AG DE000A12UKK6
DGAP-News: Rocket Internet AG: Westwing Group GmbH Financing Round of EUR 25 million
DGAP-News: Rocket Internet AG / Key word(s): Financing
Rocket Internet AG: Westwing Group GmbH Financing Round of EUR 25
million
07.01.2015 / 10:01
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Westwing Group GmbH Financing Round of EUR 25 million
Berlin, Germany, 7th January 2015 - Existing shareholders of Westwing Group
GmbH ("Westwing") agreed to invest a total amount of EUR 25 million in
Westwing. Based on this financing round, Westwing's post-money valuation of
EUR 353 million increases to EUR 449.2 million. Rocket Internet's total
shareholding (direct and indirect) in Westwing changes from 33.7% to 34.0%
(capital increase and secondary transaction). This results in an increase
in the last portfolio value ("LPV") of Rocket Internet's stake in Westwing
by EUR 33.9 million (from EUR 118.8 million to EUR 152.7 million).
For further information, please see the press release issued by Westwing
today.
Ends
Media Contact:
Andreas Winiarski, Senior Vice President Global Communications
T: +49 30 300 13 18 68
E: [email protected]
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07.01.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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