Kinnevik CEO says to review Rocket stake in two-three years: newspaper

Kinnevik will review its stake in German ecommerce investor Rocket Internet in two or three years as the companies Rocket owns have developed further, the chief of the Swedish investment company was quoted as saying on Thursday. In an interview with Swedish daily Dagens Nyheter (DN), Kinnevik's CEO Lorenzo Grabau said the value of Rocket Internet, whose shares have tumbled in the past few weeks on concerns over valuation of its holdings, was now "clearly depressed." "Within two or three years, the companies in Rocket's portfolio will have matured. Then we will review our position," Grabau said.

Original story here.

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply