Kinnevik: The administrative court has decided in favor of Kinnevik's appeal in tax dispute
(Thomson Reuters ONE) -
Investment AB Kinnevik (publ) ("Kinnevik") today announced that the Swedish
Administrative Court has approved Kinnevik's appeal concerning withholding tax
in the amount of SEK 702m in relation to Kinnevik's acquisition of Emesco AB in
2009.
The Administrative Court thereby rejects the Swedish Tax Agency's claim that
withholding tax should be lodged on an intra-Group distribution which Kinnevik
received in connection with the acquisition of Emesco AB. As disclosed in
Kinnevik's Annual Reports, the Company has not provided for any potential
additional tax as a result of the dispute. Today's decision will thus not have
any effect on Kinnevik's financial statements or cash flow.
The information is of such character, which Kinnevik shall disclose in
accordance with the law on Trading with Financial Instruments (1991:980) and/or
the Securities Market Act (2007:528). The information was distributed for
disclosure at 6 p.m on 1 December 2014.
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 is a leading, long-term oriented, investment company
based in Sweden. Kinnevik primarily invests in consumer centric businesses that
provide innovative and value-added technology-enabled services. Our main areas
of focus are the Communications, e-Commerce, Entertainment and Financial
Services sectors. We own significant stakes in over 50 companies that operate in
more than 80 countries across five continents, with a particular emphasis on
growth markets. The Kinnevik Group employs more than 90 000 people around the
world.
Kinnevik actively supports the companies in which it invests and plays an
influential role on their respective Boards. Kinnevik was founded in 1936 by
three Swedish families who continue to play a leadership role in the ownership
of the Company and in the pursuit of its entrepreneurial ventures.
Kinnevik's shares are listed on Nasdaq OMX Stockholm's list for large cap
companies under the ticker codes KINV A and KINV B.
Press release:
http://hugin.info/1114/R/1875794/661072.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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 GlobeNewswire
[HUG#1875794]
Unternehmensinformation / Kurzprofil:
Datum: 01.12.2014 - 18:01 Uhr
Sprache: Deutsch
News-ID 356290
Anzahl Zeichen: 3060
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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