Brief: Budbee And Instabox Join Forces To Form Instabee, Kinnevik Largest Shareholder New Co

Creades publ AB

19/09/2022 08:48

Sept 19 (Reuters) - Kinnevik AB  KINVb.ST :
    * KINNEVIK LARGEST SHAREHOLDER IN THE NEW COMBINED COMPANY
INSTABEE
    * TWO SWEDISH-FOUNDED LAST-MILE DELIVERY COMPANIES BUDBEE
AND
INSTABOX, TODAY ANNOUNCED THEIR INTENTION TO JOIN FORCES IN NEW
COMBINED COMPANY INSTABEE
    * COMBINED COMPANY IS VALUED AT SEK 18BN, AND KINNEVIK WILL
BE
LARGEST SHAREHOLDER WITH AN OWNERSHIP STAKE OF 13 PERCENT
    * IN COMBINED COMPANY, FREDRIK HAMILTON WILL STEP IN AS CEO
AND
ALEXIS PRIFTIS WILL BECOME CHAIRMAN OF BOARD

Source text for Eikon:  ID:nMFN8ndwfc 
Further company coverage:  KINVb.ST 

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