05.02.2016
Rocket Internet SE DE000A12UKK6
DGAP-News: Divestiture of Non-core Takeaway Food Businesses in Spain, Italy, Brazil and Mexico
DGAP-News: Rocket Internet SE / Key word(s): Disposal
Divestiture of Non-core Takeaway Food Businesses in Spain, Italy, Brazil and
Mexico
05.02.2016 / 08:30
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Divestiture of Non-core Takeaway Food Businesses in Spain, Italy, Brazil
and Mexico
- Divestiture of non-core takeaway food businesses for EUR125 million
- Transactions further reduce complexity of Rocket Internet
- LPV including net cash position remains at EUR7.2 billion as of 30
November 2015
Berlin 5. February 2016 - Rocket Internet SE ("Rocket Internet" or "the
Company") today announces the divestiture of certain non-core takeaway food
operations owned by the Company and foodpanda Group ("foodpanda") to
JustEat plc for EUR125 million (the "Transaction") in cash. Rocket Internet
has sold its takeaway food businesses in Spain (La Nevera Roja) and Italy
(PizzaBo & hellofood Italy), while foodpanda has sold its businesses in
Brazil (hellofood Brazil) and Mexico (hellofood Mexico).
The transaction is in line with Rocket Internet's strategy to divest
non-core operations that are not market-leading. The sale of La Nevera Roja
and PizzaBo further reduces the complexity of Rocket Internet. The LPV
including cash remains at the latest disclosed figure of EUR7.2billion as
of 30 November 2015.
foodpanda remains the market leader in growth markets with a presence in 24
countries. The operations in Brazil and Mexico accounted for less than 5%
of foodpanda's revenues in 2015.
The transactions in Italy, Brazil and Mexico will be completed today. It is
anticipated that the transaction in Spain will be completed by the end of
Q2 2016, as it is still subject to regulatory approval from the Spanish
competition authority, the Comisión Nacional de los Mercados y la
Competencia.
Oliver Samwer, CEO of Rocket Internet commented: "The online takeaway
market remains a core focus of Rocket Internet's business strategy with the
significant ownership in the market leaders Delivery Hero and foodpanda.
Today's transactions are clearly aimed at reducing the complexity of Rocket
Internet's network of companies."
Ralf Wenzel, Co-founder and CEO of foodpanda said: "The divestment in Latin
America allows us to focus on our key markets across Asia, the Middle East
and Eastern Europe where foodpanda has a market leading position and to
which we can now dedicate more resources and capital to grow our business
and improve the efficiency of our operations. We are on a very good path to
reach our global growth target."
David Buttress, CEO, JUST EAT said: "The acquisitions from Rocket Internet
and foodpanda represent a positive step forward for the global online
takeaway industry enabling all parties to focus their resources on building
bigger and better long term businesses in their key geographies."
--- END ---
Media Contact
T: +49 30 300 13 18 68
E: [email protected]
About Rocket Internet
Rocket's mission is to become the world's largest Internet platform outside
of the United States and China. Rocket identifies and builds proven
Internet business models and transfers them to new, underserved or untapped
markets where it seeks to scale them into market leading online companies.
Rocket is focused on online business models that satisfy basic consumer
needs across four main sectors: eCommerce, marketplaces, travel and
financial technology. Rocket started in 2007 and has now more than 30,000
employees across its network of companies, which are active in more than
110 countries across six continents. Rocket Internet SE is listed on the
Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET). For further information
visit www.rocket-internet.com.
Disclaimer:
This document is being presented solely for informational purposes and
should not be treated as giving investment advice. It is not intended to be
(and should not be used as) the sole basis of any analysis or other
evaluation. All and any evaluations or assessments stated herein represent
our personal opinions. We advise you that some of the information is based
on statements by third persons, and that no representation or warranty,
expressed or implied, is made as to, and no reliance should be place on,
the fairness, accuracy, completeness or correctness of this information or
opinions contained herein.
This presentation contains certain forward-looking statements relating to
the business, financial performance and results of Rocket Internet SE, its
subsidiaries and its participations (collectively, "Rocket") and/or the
industry in which Rocket operates. Forward-looking statements concern
future circumstances and results and other statements that are not
historical facts, sometimes identified by the words "believes," "expects,"
"predicts," "intends," "projects," "plans," "estimates," "aims,"
"foresees," "anticipates," "targets," and similar expressions. The
forward-looking statements contained in this presentation, including
assumptions, opinions and views of Rocket or cited from third party
sources, are solely opinions and forecasts which are uncertain and subject
to risks. Actual events may differ significantly from any anticipated
development due to a number of factors, including without limitation,
changes in general economic conditions, in particular economic conditions
in the markets in which Rocket operates, changes affecting interest rate
levels, changes in competition levels, changes in laws and regulations,
environmental damages, the potential impact of legal proceedings and
actions and Rocket's ability to achieve operational synergies from
acquisitions. Rocket does not guarantee that the assumptions underlying the
forward-looking statements in this presentation are free from errors nor
does it accept any responsibility for the future accuracy of the opinions
expressed in this presentation or any obligation to update the statements
in this presentation to reflect subsequent events. The forward-looking
statements in this presentation are made only as of the date hereof.
Neither the delivery of this presentation nor any further discussions of
Rocket with any of the recipients thereof shall, under any circumstances,
create any implication that there has been no change in the affairs of
Rocket since such date. Consequently, Rocket does not undertake any
obligation to review, update or confirm recipients' expectations or
estimates or to release publicly any revisions to any forward-looking
statements to reflect events that occur or circumstances that arise in
relation to the content of the presentation.
Neither Rocket Internet SE nor any other person shall assume any liability
whatsoever (in negligence or otherwise) for any loss howsoever arising from
any use of this presentation or the statements contained herein as to
unverified third person statements, any statements of future expectations
and other forward-looking statements, or the fairness, accuracy,
completeness or correctness of statements contained herein, or otherwise
arising in connection with this presentation.
---------------------------------------------------------------------------
05.02.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
435031 05.02.2016
|
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu
Rocket Internet SE ISIN: DE000A12UKK6 können Sie bei EQS abrufen
E-Commerce , A12UKK , RKET , HAM:RKET