Investment AB Kinnevik (publ) ("Kinnevik") hereby announces that it has subscribed for 1,600,000 shares in Black Earth Farming Ltd. in the IPO which closed on 18 December. Following the IPO, Kinnevik owns 23,280,800 shares or 19.5% of the capital in Black Earth Farming, corresponding to a value of SEK 1,164 million at the offering price of SEK 50 per share. Since the first investment in 2006, Kinnevik has invested a total of SEK 450 million in Black Earth Farming.
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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.
Mia Brunell Livfors, President and Chief Executive Officer
+46 (0)8 562 000 00
Torun Litzén, Director Investor Relations
+46 (0)8 562 000 83
+46 (0)70 762 00 83
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.