Rocket Internet’s share price reached €17.47 at the end of the second quarter. Consequently, management of United Internet took total impairment charges of €254.9m, of which €98m was written-off in the second quarter alone. The share price of Rocket Internet SE declined from €24.61 (at the end of March) to €17.47 (at the end of June). United Internet has invested around €493.8m, or €35.93 per share. After the write-off, around €238.9m will be left
02 Sep 2016
Another write-off expected in Q3 16
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Another write-off expected in Q3 16
United Internet AG (UTDI:WBO) | 0 0 0.9% | Mkt Cap: 11,419m
- Published:
02 Sep 2016 -
Author:
Heinz Steffen -
Pages:
2
Rocket Internet’s share price reached €17.47 at the end of the second quarter. Consequently, management of United Internet took total impairment charges of €254.9m, of which €98m was written-off in the second quarter alone. The share price of Rocket Internet SE declined from €24.61 (at the end of March) to €17.47 (at the end of June). United Internet has invested around €493.8m, or €35.93 per share. After the write-off, around €238.9m will be left