Kinnevik intends to divest majority of its shareholding in Millicom
03/06/2019 23:16
June 3 (Reuters) - Swedish investment company Kinnevik AB
KINVb.ST said it plans to divest its shareholding in
telecommunications and media company Millicom International
Cellular SA TIGOsdb.ST through a public offering and a
distribution to Kinnevik's shareholders.
Kinnevik will offer to divest 29% or about 11 million shares
of the total 37.2% of Millicom shares it owns, the company said
in a statement on Monday. urn:newsml:reuters.com:*:nGNX65zq8Q
Millicom said in January talks about a possible offer for
all shares of the company have been terminated by Liberty Latin
America without an offer. urn:newsml:reuters.com:*:nASP0004O4
(Reporting by Sabahatjahan Contractor in Bengaluru; editing by
Diane Craft)
((Sabahatjahan.Contractor@thomsonreuters.com; within U.S. +1
646 223 8780))