Kinnevik acquires shares in Norway's P4 radio

8 Apr 2003, 6:35 PM

Industriförvaltnings AB Kinnevik today announced that it has acquired 4,018,620 shares in Radio P4 Hele Norge ASA from Centennial ASA and Endre Rösjö. Kinnevik now owns 4,026,820 P4 shares, representing 12.5% of the issued and outstanding share capital. P4 is Norway's only national commercial radio network.

Vigo Carlund, President and CEO, commented: "We have acquired the shares according to the terms of a previous agreement, but do not consider P4 as a long term strategic holding".
For further information, please contact:
Vigo Carlund, CEO, Industriförvaltnings AB Kinnevik tel: +46 8 5620 0000
Matthew Hooper, Investor & Press relations tel: +44 20 7321 5023