0
Broadband

Naspers raises Delivery Hero stake to 23.6%

Thursday 28 September 2017 | 10:53 CET | News
Naspers has announced the acquisition of 22.36 million shares in Germany-based Delivery Hero, an online food ordering and delivery marketplace, from Rocket Internet for EUR 660 million at EUR 29.50 per share. The additional 13 percent stake increases Naspers' shareholding to 23.6 percent and positions it as the largest shareholder in Delivery Hero.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Internet
Companies: Naspers / Rocket Internet
Countries: Germany
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Naspers net profit rises 65% in H1

Published 30 Nov 2017 10:05 CET | World
Naspers has reported a 65 percent increase in first-half profit, boosted by internet businesses that include the largest stake in ...

South African watchdog clears OLX and AutoTrader merger, no redundancies for 2 years

Published 03 Nov 2017 10:32 CET | South Africa
South Africa's Competition Tribunal has approved the merger without conditions of online classified players OLX and AutoTrader, ...

Naspers seeks competition commission approval to buy AutoTrader

Published 21 Sep 2017 10:49 CET | South Africa
Media and internet group Naspers is seeking Competition Commission approval to buy AutoTrader, according to a report by Fin24. ...

Tencent, Naspers launch music streaming service in SAfrica

Published 07 Aug 2017 09:43 CET | South Africa
Tencent Africa, a joint venture between China's Tencent and South Africa-based media group Naspers, has launched a local music ...

Naspers to close Turkish fashion e-commerce site Markafoni

Published 02 Jun 2017 10:18 CET | Turkey
Media and internet group Naspers will close its Turkish e-commerce and fashion company Markafoni on 30 June, citing a ...

Naspers invests EUR 387 mln in Delivery Hero

Published 19 May 2017 09:24 CET | South Africa
Naspers said it be investing EUR 387 million for a minority stake in Germany-based Delivery Hero, a global online food ordering ...

Rocket Internet opens engineering hub in Thailand

Published 30 Jan 2017 08:55 CET | Thailand
Rocket Internet has opened its first engineering hub in the region. Based in Bangkok, Thailand, the center will support Rocket ...