EUR 660 million block trade - Noerr advises Rocket Internet on the sale of Delivery Hero shares to Naspers

Noerr advised Rocket Internet SE on the 13 % block trade in Delivery Hero AG for EUR 660 million to the listed South African media group Naspers. Delivery Hero’s shares first listed in June this year (with a volume of close to one billion Euro it was this year’s largest new issue on the Frankfurt Stock Exchange).The sale to Naspers is subject to antitrust approval and is expected to close in the first quarter of 2018.

The Noerr team advising Rocket Internet was led by corporate partner Sascha Leske. Leske was supported by Holger Alfes, co-head of Noerr’s capital market practice. Noerr’s capital market team inter alia advised on trivago’s IPO on the Nasdaq in New York (the largest NASDAQ listing of a German based group in recent years),  Noerr was awarded “Transatlantic Equity Capital Markets Team of the Year” at the Transatlantic Legal Awards 2017.

Advisors to Rocket Internet SE: Noerr LLP

Sascha Leske (team lead, Corporate, Berlin/New York), Christian Pleister (Private Equity, Frankfurt/Berlin), Holger Alfes, Julian Schulze De la Cruz (both Capital Markets, Frankfurt), Michael Bergmann (Berlin), Alexander Israel (Brussels), Peter Stauber (Berlin, all Antitrust); Associate: Fabian Witt (Private Equity, Berlin)