Two of Australia’s leading online grocery shopping destinations, ShopWings and Grocery Butler, have agreed to a merger of equals, combining their operations into one single entity as of early May 2016. Operating under the brand of ShopWings based in Sydney, the combined business will further accelerate the shift from offline to online grocery shopping, operating in Sydney, Brisbane and Melbourne.
• Stefan Krause and Pierre Louette have been nominated as new Rocket Internet Supervisory Board members, succeeding Lorenzo Grabau and Erik Mitteregger, who will resign effective June 2016
• Rocket Internet SE (“Rocket Internet”) has committed to invest up to EUR 100 million of the EUR 300 million capital increase (the “Financing”) of Global Fashion Group S.A. (“GFG”) // • Rocket Internet expects to invest up to EUR 85 million including the conversion of an existing investment // • GFG with continued strong operating performance in Q1 2016 and a significant improvement of the Adjusted EBITDA margin by over 10 percentage points compared to Q1 2015
• Continued strong average revenue growth across companies in focus sectors of 69.4% in 2015 // • Six percentage points average improvement in adj. EBITDA margin across companies in focus sectors // • Gross cash position of EUR 1.8 billion // • Rocket Internet SE 2015 full year results in line with expectations // • Rocket Internet sold a 9.1% stake in Lazada to Alibaba for USD 137 million, valuing the company at USD 1.5 billion (c. 15x multiple for Rocket Internet) //
-Rocket Internet has agreed to sell a 9.1% stake, on a fully diluted basis, in Lazada Group S.A. (“Lazada”) for a gross consideration of USD 137 million to Alibaba Group Holding Limited (“Alibaba”) -Lazada and Alibaba entered into a transaction that includes Alibaba’s investment of USD 500 million in Lazada -Alibaba will become Lazada’s new controlling shareholder -Rocket Internet’s retains a fully diluted stake after the transaction and taking into account Alibaba’s investment of new funds of 8.8%
Africa Internet Group, the largest e-commerce platform in Africa and parent company of Jumia, today announced a partnership with Orange to accelerate the growth of the company and seize development opportunities on the continent.
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