Kinnevik acquires 18.5% in Com Hem
(Thomson Reuters ONE) -
Kinnevik AB (publ) ("Kinnevik") today announced that it has agreed to acquire
33.9 million shares, corresponding to an approximate 18.5% interest, in Com Hem
Holding AB (publ) ("Com Hem") from NorCell S.à r.l., the indirect investment
holding company of funds advised by BC Partners LLP, for a cash consideration of
SEK 110 per share, or SEK 3.7 billion in total.
Com Hem offers broadband, TV, play and telephony services to Swedish households
and companies. With its powerful and future-proofed broadband network covering
half of the country's households, Com Hem is an important driver of creating a
digital Sweden. Com Hem's shares are listed on Nasdaq Stockholm under the ticker
code COMH.
Kinnevik's acting CEO, Joakim Andersson, commented:
"Com Hem has a strong market position in the Swedish broadband and TV market,
and offers attractive growth and cash flow. The acquisition enables Kinnevik to
take a leading position in an asset complementing our existing mobile and media
companies."
Closing is expected to occur on 4 May. The acquisition will be fully financed by
cash at hand and existing credit facilities and capital market programs.
This information is information that Kinnevik AB (publ) is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was submitted
for publication, through the agency of the contact person set out below, at
07.55 CET on 27 April 2017.
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. 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/2099444/795519.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: 27.04.2017 - 07:55 Uhr
Sprache: Deutsch
News-ID 538698
Anzahl Zeichen: 3115
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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