eng

Kinnevik participates in the Metro financing

6/15/2009 8:35 AM

Investment AB Kinnevik (publ) ("Kinnevik") today announced that the company has subscribed for 51.9% in Metro's issue of debentures and warrants, of which 44.1% with preferential rights and 7.8% in addition to this, in accordance with previously granted guarantee.
 
In total, the payment will amount to SEK 274 million. For further information regarding the financing structure, please refer to Metro's website www.metro.lu.
 
For further information, visit www.kinnevik.se or contact:
 
Investment AB Kinnevik's objective is to increase shareholder value, primarily through net asset value growth. Kinnevik manages a portfolio of investments focused around three comprehensive business areas; Major Unlisted Holdings which includes the cartonboard and paper company Korsnäs including shares in Bergvik Skog, Major Listed Holdings which includes Millicom International Cellular, Tele2, Modern Times Group MTG, Metro International and Transcom WorldWide, 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.
The Kinnevik's class A and class B shares are listed on the NASDAQ OMX Stockholm's list for large cap companies, within the financial and real estate sector. The ticker codes are KINV A and KINV B.