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Kinnevik leads funding round in Mews
Kinnevik AB (publ) ("Kinnevik”) today announced an investment of USD 41m in Mews, the leading vertical software and payments solution for hotels. In line with its priority to concentrate capital deployment and portfolio weight towards its highest conviction companies, Kinnevik led the USD 110m funding round valuing the company at USD 1.2bn post-money.
Read full press releaseKinnevik agrees to sell its entire shareholding in Tele2 to an investment vehicle jointly controlled by iliad and NJJ
Kinnevik AB (publ) ("Kinnevik") today announced that it has agreed to sell its entire shareholding in Tele2 AB (publ) ("Tele2") to Freya Investissement, an investment vehicle jointly controlled by the European telecommunications group iliad and its Chairman and founder Xavier Niel through NJJ Holding ("iliad/NJJ") for a total consideration of SEK 13bn. The shareholding in Tele2 will complement iliad/NJJ's existing European telecommunications operations across France, Italy, Poland, Switzerland, Monaco, Ireland, Cyprus and Malta. The transaction will be completed in three steps with a first close of SEK 2.9bn. The two remaining steps are subject to iliad/NJJ receiving necessary regulatory clearances and in relation to the third step also to iliad/NJJ reclassifying Tele2 Class A shares to Class B shares to the effect that iliad/NJJ following completion of the transaction will hold less than 30 percent of the voting interest in Tele2.
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Torun Litzén
Director of Corporate Communication
Phone: +46 (0)70 762 00 50
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Email: torun.Litzen(at)kinnevik.com
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