Investment AB Kinnevik (publ) ("Kinnevik") today announced that it
intends to subscribe to its share of Metro's issue of subordinated
debentures and warrants.
The issue will be approximately SEK 550 million and it will be fully
underwritten by Kinnevik, Metro's largest shareholder. Kinnevik holds
44.1% of the capital and 39.1% of the votes in Metro. For further
information on the structure of the financing, please refer to the
convening notice to the Extraordinary General Meeting published today
by Metro at www.metro.lu.
For further information, visit www.kinnevik.se or contact:
Mia Brunell Livfors, President and Chief +46 (0)8 562 000 00
Executive Officer
Torun Litzén, Director Investor Relations +46 (0)8 562 000 83
+46 (0)70 762 00 83
Investment AB Kinnevik's objective is to increase shareholder value,
primarily through net asset value growth. The Parent Company manages
a portfolio of investments focused around three comprehensive
business areas; Major Listed Holdings which includes Millicom
International Cellular, Tele2, Modern Times Group MTG, Metro
International and Transcom WorldWide, Major Unlisted Holdings which
includes the cartonboard and paper company Korsnäs, and New Ventures
which is active in finding new investments in small and mid sized
companies which has a significant growth potential. Kinnevik plays an
active role on the Boards of its holdings.
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.
