Kinnevik undertakes to support Black Earth Farming's asset sale
(Thomson Reuters ONE) -
Kinnevik AB (publ) ("Kinnevik") today announced that it has entered into an
undertaking to support the sale of Black Earth Farming Limited's ("Black Earth
Farming") subsidiaries AGRO-Invest and AGRO-Invest Regions.
Kinnevik owns 51,811,828 shares in the form of Swedish Depository Receipts
("SDRs") in Black Earth Farming, corresponding to 24.6 percent of the company's
issued share capital.
Kinnevik has undertaken towards the buyer of AGRO-Invest and AGRO-Invest Regions
not to dispose of any SDRs up until and including the Extraordinary General
Meeting of Shareholders in Black Earth Farming to be convened for the approval
of the transaction (the "EGM"). Kinnevik has further undertaken to vote in
accordance with the proposal of Black Earth Farming's Board of Directors to
approve the transaction and any other resolution required at the EGM to give
effect to the transaction.
For further information, visit www.kinnevik.com or contact:
Torun Litzén, Director Investor Relations
Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83
Kinnevik is an industry focused investment company with an entrepreneurial
spirit at its heart. Our purpose is to build the digital consumer businesses
that provide more and better choice. We do this by working in partnership with
talented founders and management teams to create, invest in and lead fast
growing businesses in developed and emerging markets. We believe in delivering
both shareholder and social value by building well governed companies that
contribute positively to society. 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.
PDF:
http://hugin.info/1114/R/2077981/781837.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kinnevik via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 13.02.2017 - 13:24 Uhr
Sprache: Deutsch
News-ID 523718
Anzahl Zeichen: 2529
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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