Brief: Kinnevik Portfolio Co Babylon Health To Become Publicly Traded

Kinnevik AB

03/06/2021 14:48

June 3 (Reuters) - Kinnevik AB  KINVb.ST :
    * KINNEVIK'S PORTFOLIO COMPANY BABYLON HEALTH TO BECOME
PUBLICLY
TRADED VIA A SPAC MERGER WITH ALKURI GLOBAL ACQUISITION CORP
    * ABYLON HEALTH HAS ENTERED INTO A DEFINITIVE MERGER
AGREEMENT
WITH SPECIAL PURPOSE ACQUISITION COMPANY ALKURI GLOBAL
ACQUISITION CORP., WHEREBY BABYLON HEALTH WILL BECOME A PUBLICLY
TRADED COMPANY ON NASDAQ
    * KINNEVIK INTENDS TO INVEST USD 5M AS PART OF A USD 230M
PRIVATE
PLACEMENT BRINGING KINNEVIK'S OWNERSHIP TO 13% OF BABYLON HEALTH
WHEN TRANSACTION IS FINALISED.
    * UPON CLOSING OF TRANSACTION, COMBINED COMPANY WILL OPERATE
AS
BABYLON HEALTH AND PLANS TO TRADE ON NASDAQ UNDER NEW SYMBOL
'BBLN
    * TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF 2021

Source text for Eikon:  ID:nNDL2kVnrZ 
Further company coverage:  KINVb.ST 

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