During the last 20 years Kinnevik has increased the owners' share value not only through cash dividends and growth but also through dividends of subsidiaries. The first demerger took place in 1985 when Invik & Co. AB spun off through a direct share issue to the shareholders. Since then Tele2, MTG, SEC, Metro, Transcom and Invik have been spun off.
Swedish tax agency's general advice on dividend value with respect to Kinnevik's distribution of MTG