Investment AB Kinnevik ("Kinnevik") today announced that the wholly owned
subsidiary Korsnäs AB ("Korsnäs") has entered into a new agreement with Tetra
Pak. The agreement is valid for the period 2011-2013 and comprises approximately
2 million tons of liquid packaging board.
Christer Simrén, Chief Executive Officer of Korsnäs, commented: "Korsnäs and
Tetra Pak continue their close cooperation and the new agreement enables Korsnäs
to plan both production and product development efficiently. Korsnäs' focus on
long standing relationship with its customers and its ability to grow with them
provides a unique stability for both Korsnäs and its customers and is an
important reason for the solid profitability in the company."
For further information, visit www.kinnevik.seor contact:
Christer Simrén, Chief Executive Officer +46 (0)26 15 10 00
Torun Litzén, Director Investor Relations +46 (0)8 562 000 83
+46 (0)70 762 00 83
Investment AB Kinnevik's objective is to increase shareholder value, primarily
through net asset value growth. Kinnevik manages a portfolio of investments
focused around three comprehensive business areas; Major Unlisted Holdings which
includes the cartonboard and paper company Korsnäs including shares in Bergvik
Skog, Major Listed Holdings which includes Millicom International Cellular,
Tele2, Modern Times Group MTG, Metro International and Transcom WorldWide, 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.
The 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.
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Source: Kinnevik via Thomson Reuters ONE