Kinnevik sells 6.4 million Transcom shares to Altor
(Thomson Reuters ONE) -
Investment AB Kinnevik ("Kinnevik") today announced that it has sold 6.4 million
shares, corresponding to a 24.5% interest, in Transcom WorldWide AB ("Transcom")
to funds advised by Altor Fund Manager AB ("Altor") for a consideration of SEK
66 per share, or SEK 421 million in total. Upon completion of the transaction,
Kinnevik will retain 1.9 million shares, or a 7.4% ownership in Transcom.
Transcom is a global customer experience specialist, providing customer care,
sales, technical support and credit management services through an extensive
network of contact centers and work-at-home agents. Transcom employs 29,000
customer experience specialists at 54 contact centers across 23 countries,
delivering services in 33 languages to over 400 international brands in various
industry verticals. Transcom was founded in 1995 by Kinnevik. Following the
November 2014, re-domiciliation of its parent company from Luxembourg to Sweden,
Transcom shares are now listed on Nasdaq Stockholm under the ticker symbol TWW.
Since inception, the family of Altor funds have raised some EUR 5.8 billion in
total commitments. The funds have invested in excess of EUR 3.1 billion in more
than 40 companies. The investments have been made in medium sized Nordic
companies with the aim to create value through growth initiatives and
operational improvements. Among current and past investments are Apotek Hjärtat,
Carnegie, Lindorff, Helly Hansen, Dustin and Byggmax.
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/1905009/677822.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#1905009]
Unternehmensinformation / Kurzprofil:
Datum: 20.03.2015 - 08:00 Uhr
Sprache: Deutsch
News-ID 379995
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Town:
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Kategorie:
Business News
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