|Bid||245.90 x 0|
|Ask||246.00 x 0|
|Day's Range||240.80 - 246.00|
|52 Week Range||207.20 - 306.80|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||8.00 (3.33%)|
|1y Target Est||294.00|
”It was an eventful second quarter, during which we focused our efforts on continuing the shift in our portfolio towards growth companies. Global Fashion Group began trading on the Frankfurt Stock Exchange on 2 July. Livongo announced its intention to go public at a proposed price range corresponding to a fully diluted pre-money valuation of USD 2.1-2.4bn.
In accordance with the resolution of the 2019 Annual General Meeting in Kinnevik AB (publ) (“Kinnevik”), a Nomination Committee has been convened comprising members appointed by Kinnevik’s largest shareholders in terms of voting interest. The Nomination Committee comprises Cristina Stenbeck appointed by Verdere S.à r.l.
Kinnevik AB (publ) ("Kinnevik") today announced that it has agreed to purchase shares of Livongo Health, Inc. ("Livongo") from Merck Global Health Innovation Fund, LLC ("Merck") at a price per share equal to the price per share in Livongo’s initial public offering (the "IPO"). Further, Kinnevik has on a non-binding basis indicated an interest in purchasing newly issued shares of Livongo’s common stock in the IPO. The proposed price range for the IPO is USD 20.00 to USD 23.00 per share, corresponding to a fully diluted pre-money valuation of approximately USD 2.1 billion to USD 2.4 billion.
Kinnevik AB (publ) ("Kinnevik") will publish financial results for the second quarter 2019 on Friday 19 July 2019 at around 08.00 CEST. A conference call will be held on the.
Kinnevik AB (publ) ("Kinnevik") today announced that it has irrevocably committed to place an order for shares in the amount of EUR 60m as part of Global Fashion Group’s ("GFG") initial public offering (the "IPO"). As announced today by GFG, the offering of newly issued shares by GFG in the IPO will correspond to approximately EUR 200m.
Kinnevik AB (“Kinnevik”) today announced that Chief Financial Officer Joakim Andersson will leave Kinnevik after 18 successful years within the company and that Investment Director and Sector Head TMT Lars-Åke Norling will leave Kinnevik to take up the role as CEO of Nordnet. Lars-Åke Norling will remain a senior advisor to Kinnevik.
Kinnevik AB (publ) (“Kinnevik”) today announced that, due to unfavorable market conditions, it is withdrawing its public offering of 11.0 million shares in Millicom International Cellular S.A. (“Millicom”). On 3 June 2019, Kinnevik announced its intention to divest its shareholding in Millicom through a public offering of 11.0 million shares in Millicom and a subsequent distribution of Kinnevik’s remaining shareholding to Kinnevik’s shareholders.
Investment company Kinnevik AB plans to divest its shareholding in telecommunications and media company Millicom International Cellular SA through a public offering and a distribution to Kinnevik's shareholders. Sweden's Kinnevik will offer to divest 29% or about 11 million shares of the total 37.2% of Millicom shares it owns, and distribute the remainder of its holding to shareholders, the company said in a statement. Kinnevik, founded by three wealthy families in 1936, is focused on digital businesses such as Swedish telecoms company Tele2 and online retailer Zalando.
Kinnevik AB (publ) (“Kinnevik”) today announced that in connection with the announced evolution of its portfolio and significant distribution of value in the form of Swedish depositary receipts listed on Nasdaq Stockholm and convertible into Millicom International Cellular S.A. (“Millicom”) shares to Kinnevik’s shareholders, Kinnevik has resolved to amend its shareholder remuneration policy and to host a Capital Markets Day on 19 September 2019 in Stockholm, Sweden. Today’s announcements reinforce Kinnevik’s ambitions to accelerate its growth investment activities, building on its successful track record of supporting world-class growth companies and crystallizing value for Kinnevik’s shareholders.
Kinnevik AB (publ) (“Kinnevik”) today announced that Millicom International Cellular S.A. (“Millicom”) has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (“SEC”) to register a public offering in the United States (the “Offering”) of 11.0 million shares in Millicom held by Kinnevik. Kinnevik has also granted the underwriters in the Offering the option to purchase up to 1.65 million additional shares in Millicom from Kinnevik within 30 days from the offering date.
Global Fashion Group (GFG), an Asia and Latin America focused online retailer which has yet to make a profit, is preparing to list shares in Frankfurt to raise funds for further growth, the company said on Monday. Online fashion retail has grown rapidly in the last decade, particularly in developed economies with strong logistics networks. Swedish investor Kinnevik, which owns 35% of the company, valued GFG at 1 billion euros in March, or 0.7 times the company's 2018 revenues.
Kinnevik AB (publ) ("Kinnevik") today published financial results for the first quarter 2019 for Global Fashion Group, comprising the regional businesses Lamoda, Dafiti, Zalora.
Kinnevik AB (publ) ("Kinnevik") today held its Annual General Meeting (the "AGM"). The AGM resolved in accordance with all proposals of the Board and the Nomination Committee. The AGM resolved to re-elect Dame Amelia Fawcett, Wilhelm Klingspor, Henrik Poulsen and Charlotte Strömberg as members of the Board and to elect Susanna Campbell and Brian McBride as new members of the Board.
Kinnevik AB (publ) ("Kinnevik") today announced that it has adopted a Diversity & Inclusion framework to drive change within Kinnevik and our portfolio, not only from an equality standpoint but, most importantly, from a business and performance perspective. Kinnevik’s Board of Directors and management are committed to driving change within Kinnevik and our portfolio. Kinnevik believes diversity and inclusion brings clear business benefits by promoting efficiency, innovation and financial performance, empowering good decision-making and attracting top talent.
”In line with our strategy to accelerate our private portfolio and double down on companies where we see strong potential, we invested SEK 0.9bn into MatHem and made follow-on.
Kinnevik AB (publ) ("Kinnevik") will publish financial results for the first quarter 2019 on Friday 26 April 2019 at around 08.00 CET. A conference call will be held on the same.
The shareholders of Kinnevik AB (publ) ("Kinnevik") are hereby invited to the 2019 Annual General Meeting on Monday 6 May 2019 at 10:00 a.m. CEST at Hotel At Six, Brunkebergstorg 6 in Stockholm. Registration for the Annual General Meeting will commence at 9:00 a.m. CEST.
Kinnevik AB (publ) ("Kinnevik") today published its Annual Report for the fiscal year 2018 on its website www.kinnevik.com. Kinnevik is an industry focused investment company with an entrepreneurial spirit. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families.
Kinnevik AB (publ) ("Kinnevik") will publish financial results for the fourth quarter and full year 2018 on Thursday 14 February 2019 at around 08.00 CET. A conference call will be held on the same day at 10.00 CET to present the results. To ensure that you are connected to the conference call, please dial in and register your attendance a few minutes before the conference call begins.
Kinnevik AB (publ) ("Kinnevik") today announced that it has been informed that Cristina Stenbeck, Erik Mitteregger and Mario Queiroz have decided not to stand for re-election to Kinnevik`s Board of Directors at the 2019 Annual General Meeting, and that the Nomination Committee will propose Susanna Campbell and Brian McBride as new Board members. Cristina Stenbeck was elected to the Board of Kinnevik in 2003 as Deputy Chairman.
NEW YORK/FRANKFURT, Jan 14 (Reuters) - Liberty Latin America Ltd, a wireless and cable operator in South America and the Caribbean, has approached peer Millicom International Cellular SA with an acquisition offer, Millicom said on Monday. Millicom's statement came hours after Reuters first reported on the negotiations. The deal would create one of the largest telecommunications carriers in Latin America, giving the combined company more heft to compete with some of the region's biggest players, such as America Movil, Telefonica SA and AT&T Inc.
Kinnevik AB (publ) ("Kinnevik") today announced that as of 30 November 2018 the total number of shares in the company amounts to 276,253,919, and the total number of votes in the company amounts to 580,052,807. The increase is due to the new issue of 587,281 reclassifiable, sub-ordinated, incentive shares (the "incentive shares"), divided into four classes, to the participants in Kinnevik`s long-term share incentive plan resolved on by the 2018 Annual General Meeting in May 2018 being registered by the Swedish Companies Registration Office (Sw.