Brief: Kinnevik Invests In $150 Million Financing Round

Kinnevik AB

06/07/2021 06:03

July 6 (Reuters) - Kinnevik AB  KINVb.ST :
    * KINNEVIK INVESTS IN PLEO’S USD 150 MILLION FINANCING ROUND
    * KINNEVIK INVESTS IN PLEO’S USD 150 MILLION FINANCING ROUND
    * USD 150M FINANCING ROUND ASCRIBES PLEO VALUATION OF USD
1.7BN,
WHICH IMPLIES A VALUE OF KINNEVIK'S INVESTMENT AMOUNTING TO SEK
1.9BN INCLUDING SEK 227M INVESTED IN FUNDING ROUND
    * BELIEVES THERE ARE STRONG ENOUGH REFERENCE POINTS FOR
VALUATION
OF CO'S INVESTMENT IN PLEO IN LINE WITH WHAT IS ASCRIBED IT IN
FUNDING ROUND
    * THIS CORRESPONDS TO A NET ASSET VALUE UPLIFT OF
APPROXIMATELY
SEK 1.3BN OR SEK 4.5 PER KINNEVIK SHARE

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

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