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Kinnevik — Net Asset Value 2009
Sep 17, 2009
2935_rns_2009-09-17_7f9dc96a-4bb9-4f6e-afe4-800c9a3ccb06.pdf
Net Asset Value
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PRESS RELEASE 17 September 2009
Investment AB Kinnevik (publ) ("Kinnevik") today announced that the acquisition of Emesco AB has been closed as all necessary approvals have been received.
A table with an updated net asset value for Kinnevik per 16 September is attached in Appendix 1.
For further information, visit www.kinnevik.se or contact:
| Mia Brunell Livfors, President and Chief Executive Officer | +46 (0)8 562 000 00 |
|---|---|
| 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. Kinnevik manages a portfolio of investments focused around three comprehensive business areas; Major Unlisted Holdings which includes the carton board 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.
Net Asset Value 16 September 2009 1)
| Class A shares |
Class B shares |
Equity interest (%)2) |
Voting interest (%)2) |
Fair value 16 Sep 2009 (SEK m) |
|
|---|---|---|---|---|---|
| Major Unlisted Holdings | 8 396 | ||||
| Major Listed Holdings | |||||
| Millicom | 37 835 438 | 34.9% | 34.9% | 19 788 | |
| Tele2 | 20 493 492 | 115 002 645 | 30.8% | 48.0% | 13 292 |
| MTG | 5 820 491 | 7 683 365 | 20.5% | 48.0% | 4 213 |
| Transcom | 16 339 448 | 22.3% | 44.6% | 475 | |
| Metro shares | 112 122 875 | 133 798 591 | 46.6% | 42.4% | 246 |
| Metro warrants | 301 | ||||
| New Ventures | 1 454 | ||||
| Other assets and liabilities | 85 | ||||
| Net asset value (gross) | 48 251 | ||||
| Interest bearing net debt | -8 806 | ||||
| Net asset value (net) | 39 445 | ||||
| Outstanding shares 2) | 277 158 190 | ||||
| Net asset value per share, SEK | 142.32 |
1) Values are unchanged compared to 30 June 2009, except the effects of the Emesco acquisition and updated market value of listed holdings.
2) Excluding treasury shares.