By
Reuters
Reuters
Published
May 24, 2017
May 24, 2017
Samwer brothers sell 3.8 percent stake in Zalando
By
Reuters
Reuters
Published
May 24, 2017
May 24, 2017
Global Founders GmbH has cut its stake in Zalando, Europe's biggest pure online fashion retailer, by 3.78 percent, according to a voting rights announcement issued by Zalando on Wednesday.
The stake Global Founders GmbH -- the investment vehicle of German start-up investors Oliver, Marc and Alexander Samwer -- holds in Zalando fell to 4.99 percent on May 22, the filing showed.
Based on Wednesday's closing price, the stake Global Founders GmbH has sold is worth 391 million euros (337.37 million pounds).
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