Tele2 slips after Kinnevik cuts stake at discount

Kinnevik AB

24/05/2022 08:20

** Shares in Tele2  TEL2b.ST  fall around 8% after Kinnevik
 KINVb.ST  reduced its stake in the telecommunications company
 urn:newsml:reuters.com:*:nL5N2XG0RF
    ** Kinnevik sold 7.2% of shares in Tele2 in a 6.1 billion
Swedish crowns ($623 million) deal, cutting its ownership to 19%
    ** The deal was priced at 121.76 crowns per share, which
represents a 6.2% discount to Monday's close
    ** Kinnevik's shares slip 2.5%

($1 = 9.7952 Swedish crowns)

 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@tr.com))