Kinnevik: Sale of shares in Invik & Co. AB concluded
28 Jun 2007, 11:37 AM
Investment AB Kinnevik (publ) with subsidiaries ("Kinnevik") has today concluded the sale of 2,148,710 class A shares and 2,370,520 class B shares in Invik & Co. AB (publ) ("Invik"), following that Milestone ehf with subsidiaries has obtained approvals from the relevant financial supervisory authorities. As earlier announced on 26 April, the sales proceeds amount to SEK 1,089 million. Following the sale, Kinnevik does not own any shares or other financial instruments in Invik.
Henrik Persson, Investor relations +46 (0) 8 562 000 87
Investment AB Kinnevik's objective is to increase shareholder value, primarily through net asset value growth. The Parent Company manages a portfolio of long-term investments in a number of listed companies such as Tele2, Modern Times Group MTG, Millicom International Cellular, Metro International and Transcom WorldWide. Kinnevik plays an active role on the Boards of its listed holdings.
The Company's subsidiaries are principally active in cartonboard and paper production through Korsnäs, and farming through Mellersta Sveriges Lantbruk.
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.