Torun Litzén
Director of Corporate Communication
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Decreased number of shares and votes in Kinnevik
Kinnevik AB (publ) ("Kinnevik") today announced that as of 29 July 2022 the total number of shares in the company amounts to 280,154,247, and the total number of votes in the company amounts to 583,953,135.
Read full press releaseKinnevik’s Interim Report 1 January – 30 June 2022
”As we close out the first half of 2022, our environment is radically different to where we were one year ago. The aftermath of the covid pandemic with inflationary pressure, challenged supply chains and rising interest rates, exacerbated by the war in Europe, has put strong pressure on the valuations in our pocket of growth equity markets. Whereas we last year highlighted that multiple expansion was supporting our net asset value, we now face a significant reversal of that trend. With our long-term view on business building and our strong financial position, we are firmly focused on supporting our most promising companies through this downturn, and on continuously taking stock of the investment opportunities emerging in the prevailing market environment. With this said, the correction in the economic environment is likely to have a negative impact on those of our companies that are less resilient.”
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