eng

The EU Commission clears the acquisition of Frövi

5/12/2006 9:26 PM

The preparations for the merger are well underway and Kinnevik aims to announce the closing of the acquisition soon.
The merged company will operate four paper machines with a total production capacity of more than one million tonnes carton board per annum. The combined net turnover for the two companies' industrial operations was SEK 6.3 billion in 2005.
For further information, please visit www.kinnevik.se or contact:
Vigo Carlund, President & CEO  +46 (0) 8 562 000 00
Henrik Persson, Investor Relations  +46 (0) 8 562 000 87
+46 (0) 707 62 00 87
Investment AB Kinnevik's objective is to increase shareholder value, primarily through net asset value growth. The Parent Company manages a portfolio of long-term investments in a number of listed companies such as Tele2, Modern Times Group MTG, Millicom International Cellular, Metro International, Transcom WorldWide and Invik. Kinnevik plays an active role on the Boards of its listed holdings.
The Company's subsidiaries are principally active in cartonboard and paper production through Korsnäs, and farming through Mellersta Sveriges Lantbruk.
Investment AB Kinnevik's class A and class B shares are traded on the Stockholm Stock Exchange O-list and are included in the Attract 40 segment. The ticker codes are KINV A and KINV B.