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Interview: Rocket Internet CEO says ready to pounce with cash pile

Reuters  |  BERLIN 

By Emma Thomasson and Nadine SchimroszikBERLIN (Reuters) - Germany's Rocket Internet needs to hold on to its mountain of cash so it can compete with rivals from the United States and China and pounce when investment opportunities arise, the chief executive said in an interview.The internet investor has a cash and equity warchest of up to 3.8 billion euros ($4.6 billion), but is under pressure to return part of it to shareholders to boost a stock price that is almost half the level it listed at three years ago.Oliver Samwer, a serial entrepreneur who has become one of Germany's richest men ...

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First Published: Thu, January 11 2018. 16:17 IST