Investment AB Kinnevik ("Kinnevik") today announced that it has completed a first issue under a Swedish Commercial Paper Program.
Kinnevik has carried out a first issue under a recently established Swedish commercial paper program. The program enables Kinnevik to issue commercial papers up to a total amount of SEK 2 billion. Commercial papers can be issued up to 12 months under the program. The commercial paper program is a complement to Kinnevik's core funding.
Arranger of the program is SEB and dealers are Handelsbanken, Nordea, SEB and Swedbank.
For further information, visit www.kinnevik.se or contact:
|Torun Litzén, Director, Investor Relations||Phone +46 (0)8 562 000 83|
|Mobile +46 (0)70 762 00 83|
Kinnevik was founded in 1936 and thus embodies seventy-five years of entrepreneurship under the same group of principal owners. Kinnevik's objective is to increase shareholder value, primarily through net asset value growth. The company's holdings of growth companies are focused around seven comprehensive business sectors; Telecom & Services, Online, Media, Micro financing, Paper & Packaging, Agriculture and Renewable energy. Kinnevik has a long history of investing in emerging markets which has resulted in a considerable exposure to consumer sectors in these markets. Kinnevik plays an active role on the Boards of its holdings.
Kinnevik's class A and class B shares are listed on the NASDAQ OMX Stockholm's list for large cap companies, within the financial and real estate sector. The ticker codes are KINV A and KINV B.