Rocket Internet, United Internet to cut cross shareholding
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BERLIN (Reuters) - German ecommerce investor Rocket Internet and United Internet announced plans on Monday to respectively buy back shares held by the other company to cut their cross shareholding.Rocket Internet said it would buy back up to 10% of its share capital in an offer starting on Dec. 10 and ending on Dec 18, with United Internet committing itself to accept an offer for its 7.4% stake in the company.Rocket will offer 21.50 euros for each share. The stock was trading up 3.3%% at 0839..