Kinnevik divests its remaining interest in Transcom
(Thomson Reuters ONE) -
Investment AB Kinnevik ("Kinnevik") today announced that it has divested its
remaining 1.9 million shares in Transcom WorldWide AB ("Transcom"),
corresponding to 7.4% of the outstanding shares in the company, for a total
consideration of SEK 162m. The average price was SEK 84 per share.
Lorenzo Grabau, CEO of Kinnevik commented: "In the past four years, Transcom has
undergone a transformation process that has positioned the company on a path of
growth and improving profitability. Given Kinnevik's strategy of focusing on
digital consumer services companies, the sale of our remaining interest in
Transcom is a further step in the execution of our strategy."
SEB acted as placing agent in the transaction.
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 is an entrepreneurial investment group focused on building digital
consumer brands in four sectors: Communication, E-commerce & Marketplaces,
Entertainment, and Financial Services. We work in partnership with talented
founders and managers to create, invest in and lead fast growing digital
businesses both in developed and developing countries. Kinnevik was founded in
1936 by the Stenbeck, Klingspor and von Horn families.
Kinnevik's shares are listed on Nasdaq Stockholm's list for large cap companies
under the ticker codes KINV A and KINV B.
Press release:
http://hugin.info/1114/R/1914716/684220.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#1914716]
Unternehmensinformation / Kurzprofil:
Datum: 24.04.2015 - 16:18 Uhr
Sprache: Deutsch
News-ID 388420
Anzahl Zeichen: 2423
contact information:
Town:
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Business News
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