Global Blue Announces $100M Strategic Equity Investment From Tencent
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Thursday, November 16, 2023
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Tencent has agreed to invest $100 million in Global Blue common equity at a price of $5.50 per share, which is generally in line with the volume-weighted average price over the past 3 months.
Key Points:
- Tencent has agreed to invest $100 million in Global Blue common equity at a price of $5.50 per share, which is generally in line with the volume-weighted average price over the past 3 months.
- At closing, Tencent will own 18.18 million common shares, representing approximately 8% of the total fully-diluted share capital.
- Jacques Stern, Global Blue CEO said: “We are pleased to welcome Tencent as a shareholder as we continue to diversify our ownership base.
- We are pleased to make a strategic investment in Global Blue to help support its future growth and look forward to continued growth in cross-border travel and shopping, including travel from China."