Kinnevik: Sale of Groupon Shares
(Thomson Reuters ONE) -
PRESS RELEASE 18 June 2012
SALE OF GROUPON SHARES
Investment AB Kinnevik ("Kinnevik") today announced that it has divested its
direct holding in Groupon, amounting to 8,377,158 shares.
Proceeds from the sales amounted to SEK 569 m (USD 81.5m), corresponding to an
average share price of USD 9.74. Kinnevik invested SEK 20 m (USD 2.9 m) in
MyCityDeal 2010 and received the Groupon shares when MyCityDeal was acquired by
Groupon in 2010.
For further information, visit www.kinnevik.se or contact:
Torun Litzén, Director, Investor Relations Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83
Kinnevik was founded in 1936 and thus embodies seventy-five years of
entrepreneurship under the same group of principal owners. Kinnevik's objective
is to increase shareholder value, primarily through net asset value growth. The
company's holdings of growth companies are focused around seven comprehensive
business sectors; Telecom & Services, Online, Media, Micro financing, Paper &
Packaging, Agriculture and Renewable energy. Kinnevik has a long history of
investing in emerging markets which has resulted in a considerable exposure to
consumer sectors in these markets. Kinnevik plays an active role on the Boards
of its holdings.
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.
Sale of Groupon shares:
http://hugin.info/1114/R/1620141/517557.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Kinnevik via Thomson Reuters ONE
[HUG#1620141]
Unternehmensinformation / Kurzprofil:
Datum: 18.06.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 157334
Anzahl Zeichen: 2473
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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