Brief: Qliro Group announces Change Of Ownership

Nelly AB (publ)

11/06/2020 18:02

June 11 (Reuters) - Qliro Group AB (publ)  QLRO.ST :
    * CHANGE OF OWNERSHIP IN QLIRO GROUP
    * QLIRO GROUP - KINNEVIK, RITE VENTURES, AGREED THAT RITE
SHALL
BUY 36.02 MILLION SHARES IN CO, CORRESPONDING TO 23.2% SHARES IN
CO, FROM KINNEVIK
    * TRANSACTION IS CONDITIONAL UPON APPROVAL BY SWEDISH
FINANCIAL
SUPERVISORY AUTHORITY, WHICH IS EXPECTED DURING Q3 2020
    * FOLLOWING COMPLETION OF TRANSACTION, RITE VENTURES WILL BE
LARGEST SHAREHOLDER IN CO, HOLDING 29.9% OF SHARES
    * QLIRO GROUP -  ALSO INFORMED THAT KINNEVIK IN CONNECTION
WITH
TRANSACTION WITH RITE ALSO MAY DIVEST REMAINING HOLDING IN CO OF
ABT 4% SHARES
    * TRANSACTION DOES NOT AFFECT PREVIOUSLY COMMUNICATED PLAN
TO
DISMANTLE QLIRO GROUP

Source text for Eikon:  ID:nWkr2Q85Q4 
Further company coverage:  QLRO.ST 

 ((Reuters.Briefs@thomsonreuters.com;))