Brief: VNV Global Invests $35 Million In Babylon’s New $100 Million Financing

VNV Global AB (publ)

17/12/2020 14:01

Dec 17 (Reuters) - VNV Global AB (publ)  VNV.ST :
    * VNV GLOBAL INVESTS USD 35 MILLION IN BABYLON’S NEW USD 100
MILLION FINANCING
    * FOLLOWING TRANSACTION, VNV GLOBAL OWNS 37.4% OF GLOBAL
HEALTH
EQUITY.
    * TRANSACTION IS EXPECTED TO HAVE A POSITIVE, BUT NOT
MATERIAL
IMPACT ON VNV GLOBAL'S NET ASSET VALUE ("NAV") COMPARED TO
LATEST REPORTED NAV AS PER SEPTEMBER 30, 2020.
    * FULL USD 100 MILLION ROUND IS INVESTED IN BABYLON THROUGH
GLOBAL
HEALTH EQUITY AB (PUBL) ("GLOBAL HEALTH EQUITY"), A NEWLY
ESTABLISHED COMPANY WITHIN VNV GLOBAL GROUP

Source text for Eikon:  ID:nMFN2Nk4K5 
Further company coverage:  VNV.ST 

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