eng

Kinnevik supports new financing in Metro

2/5/2009 8:11 AM

Investment AB Kinnevik (publ) ("Kinnevik") today announced that it intends to subscribe to its share of Metro's issue of subordinated debentures and warrants.
 
The issue will be approximately SEK 550 million and it will be fully underwritten by Kinnevik, Metro's largest shareholder. Kinnevik holds 44.1% of the capital and 39.1% of the votes in Metro. For further information on the structure of the financing, please refer to the convening notice to the Extraordinary General Meeting published today by Metro at 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. 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.