|
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.
Rocket Internet earlier this month said two supervisory board
members, including Grabau, would leave its supervisory board.
That move was not prompted by any conflict between the
companies, but by the fact that the two are now competitors over
good investments, Grabau was quoted as saying in the paper.
Kinnevik owns a 13 percent stake in Rocket Internet and is a
co-investor with it in some companies, including online fashion
retailer Zalando.
(Reporting by Sven Nordenstam. Editing by Jane Merriman)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
