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Kinnevik AB (0RH1.L)

LSE - LSE Delayed price. Currency in SEK
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167.57+2.86 (+1.74%)
At close: 05:53PM GMT
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  • Reuters

    Sweden's Tele2 shares fall as Kinnevik sells 7.2% stake

    STOCKHOLM (Reuters) -Tele2 shares dropped 7% on Tuesday after Kinnevik said it would sell roughly a quarter of its holding in the telecoms operator for 6.1 billion Swedish crowns ($619.6 million). The Swedish investment company said it had completed a placement of 50 million class B shares, which constitute 7.2% of the share capital and 26.7% of the investment company's holding in Tele2, to institutional investors. "The transaction provides Kinnevik with additional financial strength at a time of market uncertainty, ensuring net cash runway through 2024 at our current pace of investment of around SEK 5bn per year," Kinnevik said in a statement late on Monday.

  • Skift

    Why European Investing Giant Kinnevik Is Betting on Travel Startups

    Akhil Chainwala is one of the most thought-provoking investors you probably don’t know by name. Chainwala is a London-based investment director at Kinnevik, Europe’s largest publicly listed startup investor. Kinnevik has stakes in travel startups TravelPerk and Omio. Chainwala has kept a relatively low profile, despite having some thought-provoking views on how to disrupt travel […]

  • Globe Newswire

    Kinnevik Extends Management Team With Chief Strategy Officer Samuel Sjöström

    Kinnevik AB (publ) (“Kinnevik”) today announced that Samuel Sjöström has been appointed Chief Strategy Officer and member of Kinnevik’s management team. Samuel Sjöström joined Kinnevik in 2013 and has worked across all of Kinnevik’s functions and teams, most recently as Head of Strategy. In his role as Chief Strategy Officer, he will work closely to Kinnevik’s CEO on the development, monitoring and implementation of Kinnevik’s corporate strategy as it builds on its position as Europe’s leading l