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Samwer Brothers Sell 3.8 Percent Stake in Zalando

Based on Wednesday's closing price, the stake Global Founders GmbH — the investment vehicle of German start-up investors Oliver, Marc and Alexander Samwer — has sold is worth €391 million.
Source: Zalando
By
  • Reuters

FRANKFURT, Germany — 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.

By Christoph Steitz and Alexander Huebner; editor: Maria Sheahan.

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