Millicom rises as Kinnevik scraps plans to sell stake
13/06/2019 15:51
** U.S.-listed shares of the telecom and media company
TIGO.O jump 8.5% to $54.1
** Swedish investment company Kinnevik AB KINVb.ST cancels
plans to exit its holding in Millicom, citing unfavorable market
conditions urn:newsml:reuters.com:*:nL8N23K0NS
** Kinnevik had last week announced plans to divest 29% or
about 11 million shares of the total 37.2% of Millicom shares it
owns, months after Liberty Latin America LILA.O ended talks of
a possible offer for TIGO urn:newsml:reuters.com:*:nL8N23B0WZ
** Up to Wednesday's close, TIGO had slumped ~22% this year
and 11.3% so far in June
(Reporting by Manojna Maddipatla in Bengaluru)
((Reuters Messaging:
manojna.kalyani.thomsonreuters.com@reuters.net))