eng

Kinnevik invests MUSD 14 in African micro finance company

10/15/2007 8:40 AM

Investment AB Kinnevik publ. ("Kinnevik") today announced that it has financed the African micro finance company Bayport with USD 14 million. The financing is provided as a blend of debt and equity.
 
For further information, visit www.kinnevik.se or contact:
Mia Brunell, President and Chief Executive Officer       
+46 (0)8 562 000 00
Henrik Persson, Head of New Investments                  
+46 (0)8 562 000 87
Torun Litzén, Director Investor relations                       
+46 (0)8 562 000 83
+46 (0)70 762 00 83

Investment AB Kinnevik's objective is to increase shareholder value, primarily through net asset value growth. The Parent Company manages a portfolio of investments focused around three comprehensive business areas; Major Listed Holdings which includes Millicom International Cellular, Tele2, Modern Times Group MTG, Metro International and Transcom
WorldWide, Major Unlisted Holdings which includes the cartonboard and paper company Korsnäs, and New Ventures which is active in finding new investments in small and mid sized companies which has a significant growth potential. Kinnevik plays an active role on the Boards of its holdings.
 
Investment AB Kinnevik's class A and class B shares are listed on the Stockholm Stock Exchange's Nordic list for large-cap companies within the financial and real estate sector. The ticker codes are KINV A and KINV B.