Kinnevik: The supreme administrative court denies the Swedish tax agency leave to appeal SEK 702 million tax dispute
(Thomson Reuters ONE) -
Kinnevik AB ("Kinnevik") today announced that the Supreme Administrative Court
has decided not to grant the Swedish Tax Agency leave to appeal the tax case
concerning withholding tax in the amount of SEK 702m in relation to Kinnevik's
acquisition of Emesco AB in 2009.
In December 2015, the Administrative Court of Appeal in Sundsvall decided in
favor of Kinnevik in the tax dispute, after which the Swedish Tax Agency sought
leave to appeal the case in February 2016. As disclosed in its Annual Reports,
Kinnevik 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.
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.
Press release:
http://hugin.info/1114/R/2079039/782613.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: 15.02.2017 - 16:45 Uhr
Sprache: Deutsch
News-ID 524441
Anzahl Zeichen: 2302
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Kategorie:
Business News
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