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Shareholders of Zalando sold 244 million euros worth of shares

By Angela Gonzalez-Rodriguez

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Two shareholders in Zalando, Europe's largest dedicated online fashion retailer, sold 244 million euros worth of stock representing 3.36 percent of the company's share capital in a quick sale process on Wednesday.

As reported by Bloomberg, the circa 8.3 million shares were placed at 29.5 euros each, the banks who managed the deal said, compared to the last closing share price of 31.12 euros.

Reuters published that Holtzbrinck Ventures GmbH & Co. KG and AI European Holdings S.à.r.l were the sellers of the shares.

The quick sale, or accelerated bookbuild, was conducted by investment banks Goldman Sachs and JP Morgan.

It is worth of remembering that Zalando joined Germany's mid-cap index MDAX in June, following their flotation on the Frankfurt stock exchange in October. The shares were originally listed at 21.50 euros per share upon listing.

Zalando