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Kinnevik AB

KINVb.ST

Latest Trade

309.35SEK

Change

-17.65(-5.40%)

Volume

743,896

Today's Range

309.35

 - 

330.25

52 Week Range

252.60

 - 

487.80

As of on the Stockholm Stock Exchange ∙ Minimum 15 minute delay

Latest Developments

Kinnevik Invests USD 115 Mln In Jobandtalent

Dec 1 (Reuters) - Kinnevik AB <KINVb.ST>::KINNEVIK INVESTS USD 115 MILLION IN JOBANDTALENT, THE WORLD'S LEADING DIGITAL TEMP STAFFING AGENCY.ROUND ASCRIBES JOBANDTALENT A VALUATION OF USD 2.35BN.JOBANDTALENT IS GROWING BY 130% ANNUALLY AND IS EBITDA PROFITABLE..

Kinnevik Issues SEK 2.0 Bln In Bonds

Nov 16 (Reuters) - Kinnevik AB <KINVb.ST>::KINNEVIK HAS ISSUED SEK 2.0 BILLION IN NEW SUSTAINABILITY-LINKED BONDS.DUAL TRANCHE SEK 2.0BN SUSTAINABILITY-LINKED BONDS COMPRISE A SEK 1.5BN TRANCHE WITH A FINAL MATURITY OF FIVE YEARS AND A SEK 0.5BN TRANCHE WITH A FINAL MATURITY OF SEVEN YEARS.BOTH TRANCHES ARE ISSUED WITH A FLOATING RATE COUPON BASED ON THREE-MONTH STIBOR PLUS 0.70 PERCENT FOR SHORTER TENOR, AND PLUS 0.90 PERCENT FOR LONGER TENOR.PROCEEDS FROM BOND ISSUE WILL PRIMARILY BE USED TO REFINANCE BONDS MATURING DURING 2022.

Kinnevik Q3 Net Result Turns To Loss Of SEK 317 Mln

Oct 20 (Reuters) - Kinnevik AB <KINVb.ST>::REG-KINNEVIK: INTERIM REPORT 1 JANUARY – 30 SEPTEMBER 2021.NAV OF SEK 75.8BN (SEK 273 PER SHARE), DOWN SEK 0.3BN OR 0.4% IN QUARTER AND UP SEK 13.3BN OR 21.3% YEAR-ON-YEAR.NET CASH POSITION OF SEK 1.8BN, CORRESPONDING TO 2.4% OF PORTFOLIO VALUE BY QUARTER-END.Q3 NET PROFIT / (LOSS) SEK -317 MILLION.INVESTED SEK 2,266M IN THE Q3.AFTER A SUSTAINED PERIOD OF ELEVATED MULTIPLES, WE SAW A CORRECTION IN E-COMMERCE AND HEALTHCARE THIS QUARTER, IMPACTING VALUATIONS.OUTLOOK: WE EXPECT AN EXTRA DIVIDEND OF MORE THAN SEK 2BN FROM TELE2’S DIVESTMENT OF T-MOBILE NETHERLANDS.OUTLOOK: AND AN ADDITIONAL SEK 3BN FROM OUR COMMITMENT TO SELL A STAKE IN VILLAGEMD TO WALGREENS BOOTS ALLIANCE AS THE TWO COMPANIES EXTEND THEIR PARTNERSHIP. THE LATTER TRANSACTION IS EXPECTED TO CLOSE IN THE FOURTH QUARTER OF THIS YEAR..Q3 OPERATING PROFIT/LOSS AT SEK -306 MILLION VERSUS SEK 20 197 MILLION YEAR AGO.WITH SEVEN COMPANIES ADDED IN 2021 AND SEK 4.0BN INVESTED IN TOTAL, WE ARE ON TRACK TO DEPLOY MORE CAPITAL THAN WE GUIDED FOR AT THE BEGINNING OF THE YEAR BOTH IN TERMS OF NUMBER OF NEW COMPANIES AND INVESTED CAPITAL..

Kinnevik Commits To Sell Minimum $340 Million Interest In VillageMD

Oct 14 (Reuters) - Kinnevik AB <KINVb.ST>::REG-VILLAGEMD AND WALGREENS ENTER INTO TRANSFORMATIONAL TRANSACTION IN WHICH KINNEVIK HAS COMMITTED TO SELL A MINIMUM USD 340 MILLION INTEREST IN VILLAGEMD.AFTER TRANSACTION, KINNEVIK EXPECTS TO RETAIN AN APPROXIMATE 4 PERCENT STAKE IN VILLAGEMD.

Kinnevik Invests $100 Mln In Global Mental Health Solution

Sept 16 (Reuters) - Kinnevik AB <KINVb.ST>::INVESTS USD 100 MILLION IN SPRING HEALTH, A LEADING GLOBAL MENTAL HEALTH SOLUTION.

Lunar: EUR 210 Mln Series D Funding Round Led By Heartland

July 12 (Reuters) - Lunar::ANNOUNCES A EUR 210 MILLION SERIES D FUNDING ROUND LED BY FAMILY-OWNED INVESTMENT COMPANY HEARTLAND.INVESTORS INCLUDED KINNEVIK AND TENCENT.NEW FUNDING WILL FAST TRACK ROLLOUT OF CONSUMER-CENTRIC DIGITAL FIRST FINANCIAL OFFERING IN ALL NORDIC COUNTRIES.Further company coverage: [KINVb.ST]. (Gdansk Newsroom). ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;)).

Kinnevik Q2 Net Cash Position Of SEK 4.3 Bln

July 12 (Reuters) - Kinnevik AB <KINVb.ST>::NAV OF SEK 76.2BN (SEK 274 PER SHARE), UP SEK 12.6BN OR 11% IN Q2.Q2 NET CASH POSITION OF SEK 4.3BN, INCLUDING SEK 563M IN DIVIDENDS FROM TELE2 RECEIVED IN EARLY JULY.IN JULY INVESTED USD 49M INTO LUNAR, LEADING NORDIC CHALLENGER BANK, ALONGISDE FORMER ZALANDO PARTNERS HEARTLAND.

Kinnevik Invests In $150 Million Financing Round

July 6 (Reuters) - Kinnevik AB <KINVb.ST>::KINNEVIK INVESTS IN PLEO’S USD 150 MILLION FINANCING ROUND.KINNEVIK INVESTS IN PLEO’S USD 150 MILLION FINANCING ROUND.USD 150M FINANCING ROUND ASCRIBES PLEO VALUATION OF USD 1.7BN, WHICH IMPLIES A VALUE OF KINNEVIK'S INVESTMENT AMOUNTING TO SEK 1.9BN INCLUDING SEK 227M INVESTED IN FUNDING ROUND.BELIEVES THERE ARE STRONG ENOUGH REFERENCE POINTS FOR VALUATION OF CO'S INVESTMENT IN PLEO IN LINE WITH WHAT IS ASCRIBED IT IN FUNDING ROUND.THIS CORRESPONDS TO A NET ASSET VALUE UPLIFT OF APPROXIMATELY SEK 1.3BN OR SEK 4.5 PER KINNEVIK SHARE.

Kinnevik Has Completed The Distribution Of Its Shareholding In Zalando

June 23 (Reuters) - Kinnevik AB <KINVb.ST>::KINNEVIK HAS COMPLETED THE DISTRIBUTION OF ITS SHAREHOLDING IN ZALANDO AND COMMENCES RE-REGISTRATION TO GERMAN ZALANDO SHARES.REGISTRATION WILL BE EXECUTED AFTER APPLICATION PERIOD.ON OR AROUND 21 JULY 2021 GERMAN ZALANDO SHARES WILL BE DELIVERED TO SHAREHOLDERS WHO CHOOSE TO PARTICIPATE IN RE-REGISTRATION..

Kinnevik Portfolio Co Babylon Health To Become Publicly Traded

June 3 (Reuters) - Kinnevik AB <KINVb.ST>::KINNEVIK'S PORTFOLIO COMPANY BABYLON HEALTH TO BECOME PUBLICLY TRADED VIA A SPAC MERGER WITH ALKURI GLOBAL ACQUISITION CORP.ABYLON HEALTH HAS ENTERED INTO A DEFINITIVE MERGER AGREEMENT WITH SPECIAL PURPOSE ACQUISITION COMPANY ALKURI GLOBAL ACQUISITION CORP., WHEREBY BABYLON HEALTH WILL BECOME A PUBLICLY TRADED COMPANY ON NASDAQ.KINNEVIK INTENDS TO INVEST USD 5M AS PART OF A USD 230M PRIVATE PLACEMENT BRINGING KINNEVIK'S OWNERSHIP TO 13% OF BABYLON HEALTH WHEN TRANSACTION IS FINALISED..UPON CLOSING OF TRANSACTION, COMBINED COMPANY WILL OPERATE AS BABYLON HEALTH AND PLANS TO TRADE ON NASDAQ UNDER NEW SYMBOL 'BBLN.TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF 2021.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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