Brief: Kinnevik Agrees To Sell Its Entire Shareholding In Tele2

Kinnevik AB

26/02/2024 06:52

Feb 26 (Reuters) - Kinnevik AB  KINVb.ST :
    * KINNEVIK AGREES TO SELL ITS ENTIRE SHAREHOLDING IN TELE2
TO AN
INVESTMENT VEHICLE JOINTLY CONTROLLED BY ILIAD AND NJJ
    * TO SELL ITS ENTIRE SHAREHOLDING FOR A TOTAL CONSIDERATION
OF SEK
13BN
    * ILIAD/NJJ WILL ACQUIRE 31.3 MILLION CLASS B SHARES IN
TELE2
    * SECOND STEP: ILIAD/NJJ WILL ACQUIRE 14.2 MILLION CLASS A
SHARES
AND 85.5 MILLION CLASS B SHARES IN TELE2 FOLLOWING FOREIGN
DIRECT INVESTMENT CLEARANCES IN SWEDEN, LATVIA AND LITHUANIA
    * THIRD STEP: ILIAD/NJJ WILL ACQUIRE KINNEVIK'S REMAINING
6.5
MILLION TELE2 CLASS A SHARES AFTER RECEIPT OF NECESSARY
REGULATORY CLEARANCES
    * THIRD STEP: SUBJECT TO RECLASSIFYING TELE2 CLASS A SHARES
INTO
CLASS B SHARES TO EFFECT THAT ILIAD/NJJ FOLLOWING COMPLETION OF
TRANSACTION WILL HOLD LESS THAN 30 PERCENT OF VOTING INTEREST IN
TELE2

Source text for Eikon:  ID:nMFNc3mK0v 
Further company coverage:  KINVb.ST 

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