Kinnevik to receive approximately SEK 3.8 bln from Tele2 following the divestment of Tele2 Russia
(Thomson Reuters ONE) -
Investment AB Kinnevik ("Kinnevik") today announced that it expects to receive
approximately SEK 3.8bln in cash following the proposed redemption of shares in
Tele2.
Kinnevik is Tele2's largest owner with 30.5% of the capital and 47.7% of the
votes. As a result of the share redemption program announced today in Tele2,
Kinnevik will receive approximately SEK 3.8 bln. The share redemption has no tax
impact for Kinnevik.
Kinnevik's net debt at the end of 2012 was approximately SEK 3bln. Kinnevik's
financial target with regards to leverage is to have no or a low leverage in the
parent company to have financial flexibility.
The proceeds from Tele2 will be used to reduce the debt in the parent company
and to finance investments in 2013. The guidance for investments of SEK 2-3bln
in 2013 remains unchanged. With focus on Kinnevik's core growth sectors mainly
in telecom, online and media, as well as growth markets, Kinnevik has a strong
track record of value creation for its shareholders. The Kinnevik Board of
Directors constantly evaluates the capital structure against investment
opportunities in our focus areas as well as the return of cash to shareholders
through dividends or buy-backs.
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
Investment AB Kinnevik
Press release:
http://hugin.info/1114/R/1688751/554123.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#1688751]
Unternehmensinformation / Kurzprofil:
Datum: 27.03.2013 - 18:35 Uhr
Sprache: Deutsch
News-ID 243787
Anzahl Zeichen: 2274
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 167 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Kinnevik to receive approximately SEK 3.8 bln from Tele2 following the divestment of Tele2 Russia"
steht unter der journalistisch-redaktionellen Verantwortung von
Kinnevik (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
