PRELIMINARY INDICATIVE INTEREST IN METRO INTERNATIONAL S.A.
Investment AB Kinnevik (publ) ("Kinnevik") today announced that it
has received a preliminary indication of interest from a potential
acquirer of Metro International S.A. ("Metro").
The indication of interest will be evaluated expeditiously. At this
stage there is no certainty that this will lead to an offer for
Metro, and Kinnevik is not in a position to express any view on the
potential bid. Further communication will be made in due course.
The indication was received after the notice for the General Meeting
in Metro to be held on February 24, 2009 was published. At the
General Meeting, the Board of Directors of Metro is, inter alia,
seeking the shareholders' authorization to raise new financing
through an issue of debentures and warrants. Given the preliminary
nature of the approach, Kinnevik still intends to vote in favour of
the proposed resolutions at the General Meeting, in order for Metro
to continue the refinancing of the company.
For further information, visit www.kinnevik.se or contact:
Mia Brunell Livfors, President and Chief +46 (0)8 562 000 00
Executive Officer
Torun Litzén, Director Investor Relations +46 (0)8 762 00 83
Mikael Larsson, Chief Financial Officer +46 (0)8 562 000 00
Investment AB Kinnevik's (publ) objective is to increase shareholder
value, primarily through net asset value growth. The Parent Company
manages a portfolio of investments focused around three comprehensive
business areas; Major Listed Holdings which includes Millicom
International Cellular, Tele2, Modern Times Group MTG, Metro
International and Transcom WorldWide, Major Unlisted Holdings which
includes the cartonboard and paper company Korsnäs, 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.
Investment AB Kinnevik's class A and class B shares are listed on the
Nasdaq OMX Stockholm's Nordic list for large-cap companies within the
financial and real estate sector. The ticker codes are KINV A and
KINV B.
