Investment AB Kinnevik (publ) with subsidiaries ("Kinnevik") has
today concluded the sale of 2,148,710 class A shares and 2,370,520
class B shares in Invik & Co. AB (publ) ("Invik"), following that
Milestone ehf with subsidiaries has obtained approvals from the
relevant financial supervisory authorities. As earlier announced on
26 April, the sales proceeds amount to SEK 1,089 million. Following
the sale, Kinnevik does not own any shares or other financial
instruments in Invik.
For further information, visit www.kinnevik.se or contact:
Mia Brunell, Chief Executive Officer +46 (0) 8 562 000 00
Henrik Persson, Investor relations +46 (0) 8 562 000 87
Investment AB Kinnevik's objective is to increase shareholder value,
primarily through net asset value growth. The Parent Company manages
a portfolio of long-term investments in a number of listed companies
such as Tele2, Modern Times Group MTG, Millicom International
Cellular, Metro International and Transcom WorldWide. Kinnevik plays
an active role on the Boards of its listed holdings.
The Company's subsidiaries are principally active in cartonboard and
paper production through Korsnäs, and farming through Mellersta
Sveriges Lantbruk.
Investment AB Kinnevik's class A and class B shares are listed on the
Stockholm Stock Exchange's Nordic list for large-cap companies within
the financial and real estate sector. The ticker codes are KINV A and
KINV B.
