United Internet does not rule out increasing stake in Rocket Internet
United Internet, the listed German internet company, does not rule out increasing its stake in Rocket Internet, another listed German internet company, Boersen-Zeitung reported.
The German-language daily cited United Internet Chief Executive Ralph Dommermuth as saying that he could easily imagine increasing the company's stake in Rocket Internet.
United Internet gained a 10.7% stake in Rocket Internet with an investment worth a total of EUR 435m prior to Rocket Internet's recent listing, the report noted. United Internet considers the investment to be a long-term one, Dommermuth was cited as saying.
He also said that United Internet is always open to new acquisitions and is financially well equipped for this purpose. This is partly thanks to a EUR 352m capital increase in September, according to the article.
Source Boersen-Zeitung