je.st
news
Tag: eur
Rocket Internet sets IPO price range, to raise EUR 1.5 bln
2014-09-24 08:17:00| Telecompaper Headlines
(Telecompaper) German start-up incubator Rocket Internet has priced its initial public offering at EUR 35.50-42.50 per share, taking the value of company to around USD 8 billion. At the mid-point of the price range and including a greenshoe option, Rocket can expect gross proceeds of about EUR 1.477 billion. The company initially planned to raise EUR 750 million with its IPO. The expected proceeds include EUR 582.5 million from cornerstone investors, who along with existing shareholders have committed to a 12-month lock-up period. The free float after lock-ups will be 24 percent. Founded in 2007 by brothers Oliver, Alexander and Marc Samwer, Rocket Internet has set up e-commerce sites and online marketplaces in more than 100 countries.
Tags: internet
price
range
eur
EUR: Anheuser-Busch InBev shakes up European units, UK head steps down
2014-09-19 16:41:14| Daily beverage news and comment - from just-drinks.com
Anheuser-Busch InBev has released details of a redrawing of its business units in Europe, and has confirmed the departure of the head of its UK & Ireland operations.
Telefonica buys GVT for EUR 7.2 bln in cash plus shares
2014-09-19 09:43:00| Telecompaper Headlines
(Telecompaper) Telefonica has confirmed its acquisition of Vivendi's Brazilian broadband operator GVT in a deal worth around EUR 7.2 billion in cash and shares. A final agreement was signed on 19 September after Vivendi had agreed to enter into exclusive negotiations with Telefonica on 28 August, snubbing a EUR 7 billion offer from Telecom Italia. The agreement, which was reached comfortably before the end of the three-month negotiation period, includes the payment of EUR 4.66 billion in cash, from which a bank debt of around EUR 450 million and adjustments in working capital must be deducted. In addition, Vivendi will receive 7.4 percent of Telefonica Brasil shares, at a stock market value of EUR 2.02 billion as of 18 September, and 5.7 percent of Telecom Italia shares at a stock market value of EUR 1.01 billion as of 18 September. Vivendi confirmed in a statement that it will also be liable for tax estimated at around EUR 500 million. It said the transaction should close before the end of the first-half of 2015, subject to regulatory approval from Anatel and Cade, Brazil's telecoms and competition authorities.
Orange offers to buy Jazztel for EUR 3.4 billion
2014-09-16 08:34:00| Telecompaper Headlines
(Telecompaper) Orange has launched an offer to acquire Spanish broadband operator Jazztel in a bid to compete with its two main rivals Telefonica and Vodafone. The agreement, which values Jazztel at EUR 3.4 billion, follows months of rumours that Orange had intensified its search for acquisition targets in Spain to avoid being left out of the country's telecoms market consolidation. The French operator made an offer for 100 percent of Jazztel shares at EUR 13 per share in cash, which Orange said was 34 percent more than Jazztel's average closing price in the last 30 days. The deal is subject to regulatory approval as well as to Jazztel shareholders tendering at least half of the stock on top of an almost 15 percent stake held by executives who have agreed to sell, including chairman Leopoldo Fernandez Pujals.
Rocket Internet to raise EUR 750 mln in IPO
2014-09-10 10:37:00| Telecompaper Headlines
(Telecompaper) German start-up incubator Rocket Internet has announced plans for an initial public offering of shares. The listing on the Frankfurt stock exchange is expected to raise EUR 750 million to support future investments by the company. The offering will be entirely new shares, with existing shareholders such as Kinnevik, Access Industries, Holtzbrinck, United Internet and PLDT maintaining their stakes. Started in 2007, Rocket Internet claims as its mission "to become the world's largest internet platform outside of the US and China". It has invested in a wide range of consumer online services, focused on bringing internet business models to new countries and sectors. It's active in over 100 countries, with a particular focus on emerging and fast growing economies in Latin America, South East Asia, India and Africa.
Sites : [62] [63] [64] [65] [66] [67] [68] [69] [70] [71] [72] [73] [74] [75] [76] [77] [78] [79] [80] [81] next »