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Kinnevik AB (0RH1.L)
LSE - LSE Delayed Price. Currency in SEK
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As of 06:13PM GMT. Market open.
| Previous close | 145.75 |
| Open | 0.00 |
| Bid | 0.00 x N/A |
| Ask | 0.00 x N/A |
| Day's range | 0.00 - 0.00 |
| 52-week range | |
| Volume | |
| Avg. volume | N/A |
| Market cap | 400.886M |
| Beta (5Y monthly) | 1.22 |
| PE ratio (TTM) | 0.10 |
| EPS (TTM) | 14.96 |
| Earnings date | N/A |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Reuters
Sweden's Tele2 shares fall as Kinnevik sells 7.2% stake
STOCKHOLM (Reuters) -Tele2 shares dropped 7% on Tuesday after Kinnevik said it would sell roughly a quarter of its holding in the telecoms operator for 6.1 billion Swedish crowns ($619.6 million). The Swedish investment company said it had completed a placement of 50 million class B shares, which constitute 7.2% of the share capital and 26.7% of the investment company's holding in Tele2, to institutional investors. "The transaction provides Kinnevik with additional financial strength at a time of market uncertainty, ensuring net cash runway through 2024 at our current pace of investment of around SEK 5bn per year," Kinnevik said in a statement late on Monday.
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