Kinnevik drops plan to divest its shares in Millicom
13/06/2019 24:23
June 13 (Reuters) - Swedish investment company Kinnevik AB
KINVb.ST said on Thursday it was canceling its plan to divest
its shareholding in telecommunications and media company
Millicom International Cellular SA TIGOsdb.ST through a public
offering, due to unfavorable market conditions.
"It has become clear that unfavorable market conditions
mean that the envisioned two-step divestment cannot be concluded
in its current form and on terms which Kinnevik finds
sufficiently attractive for its shareholders," Kinnevik said in
a statement. urn:newsml:reuters.com:*:nGNERw2fk
The company added that its amendment of its shareholder
remuneration policy is revoked.
(Reporting by Rama Venkat in Bengaluru;
Editing by Sandra Maler)
((ramavenkat.raman@thomsonreuters.com; within U.S. +1 646 223
8780, outside U.S. +91 80 6749 7151; Reuters Messaging:
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