Kinnevik partners with the online group European Internet Holding
Investment AB Kinnevik (publ) ("Kinnevik") announced today that it has partnered
with the online group European Internet Holding ("EIH") and has made an
investment of EUR 35 million into EIH. Kinnevik will own a mix of equity and
warrants that in total gives it a right to acquire 25% over time if all warrants
are exercised.
EIH (previously Rocket Internet) has a portfolio of e-commerce companies and
other consumer-oriented online businesses, including an ownership in the
e-commerce company Zalando. Kinnevik will work closely with EIH and actively
support it in becoming a leading European online company. Kinnevik and EIH have
also decided to establish an emerging market Internet company focused on
expanding some of EIH's proven online business models into emerging markets
based on the online expertise of EIH and the emerging market expertise of
Kinnevik.
The investment is subject to clearance from relevant competition authorities.
For further information, visit www.kinnevik.se or contact:
--------------------------------------------------------------------------------
| Mia Brunell Livfors, President and Chief Executive | +46 (0)8 562 000 00 |
| Officer | |
--------------------------------------------------------------------------------
| Henrik Persson, Head of New Investments | +46 (0)8 562 000 00 |
--------------------------------------------------------------------------------
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 cartonboard 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.
