Rocket Internet sells complete stake in HelloFresh

Rocket Internet is going to sell its complete remaining stake in HelloFresh. Earlier this year, the Germans had already sold a part of the meal box delivery company.

350 million euro deal

The German incubator still owns 43.7 million shares or 29 % of HelloFresh, which it will now sell for 8 euro per share – making the deal worth some 350 million euros. Rocket Internet, mostly famous for founding Zalando, had already sold almost half of its shares in HelloFresh in January.

HelloFresh has been a listed company since 2017 and featured excellent results last year, with a faster-than-expected turnover growth to 1.28 billion euros and a smaller-than-expected operational loss. This year, the meal box delivery company wants to achieve a break-even result for the first time.