Investment AB Kinnevik today announced that following Rocket Internet's announcement of an additional capital raise of EUR 589m or 7.8% of the equity through a private placement to a limited number of international institutional investors, Kinnevik ownership of 21,716,964 shares correspond to 13.15% of capital and votes in Rocket Internet. The share price in the equity raise was 49 EUR per share. At this share price, Rocket Internet's value in the Kinnevik Net Asset Value amount to SEK 10,140m[1] compared to SEK 10,620m in the year-end report. The information is of such character, which Kinnevik shall disclose in accordance with the law on Trading with Financial Instruments (1991:980) and/or the Securities Market Act (2007:528). The information was distributed for disclosure at 09.15 CET on 13 February 2015. For further information, visit www.kinnevik.se or contact: Torun Litzén, Director, Investor Relations Phone +46 (0)8 562 000 83 Mobile +46 (0)70 762 00 83 Investment AB Kinnevik is a leading, long-term oriented, investment company based in Sweden. Kinnevik primarily invests in consumer centric businesses that provide innovative and value-added technology-enabled services. Our main areas of focus are the Communications, e-Commerce, Entertainment and Financial Services sectors. We own significant stakes in over 50 companies that operate in more than 80 countries across five continents, with a particular emphasis on growth markets. The Kinnevik Group employs more than 90 000 people around the world. Kinnevik actively supports the companies in which it invests and plays an influential role on their respective Boards. Kinnevik was founded in 1936 by three Swedish families who continue to play a leadership role in the ownership of the Company and in the pursuit of its entrepreneurial ventures. Kinnevik's shares are listed on Nasdaq OMX Stockholm's list for large cap companies under the ticker codes KINV A and KINV B. -------------------------------------------------------------------------------- [1] Using an exchange rate of 9.53 SEK/EUR. [HUG#1894364]
Kinnevik owns 13.15% of Rocket Internet after capital
Top 10 Most Recent News Articles
Golden Bear Faces Wage Violation Class Action Case
Legal Battle Brewing in Merced Well, folks, looks like Golden Bear Physical Therapy Sports Injury Center, Inc. is in for a bumpy ride. The company is facing a whopper of a class action lawsuit, filed by the folks over at Blumenthal Nordrehaug Bhowmik De Blouw LLP, alleging violations of the California Labor Code. This legal skirmish is unfolding right there in the Merced...
Continue Reading
Ex-Army Officer Questions Faith in New Book
A New Take on Age-Old Questions Diving into religion and philosophy from a combat veteran's perspective isn't your usual day job, but heck, Joe A. Putnam decided to tackle it head-on. In his latest book, "Hey God…Are You Still There?" Putnam doesn't just ponder whether the man upstairs is listening—he's challenging us all to think about it. Exploring Faith Through...
Continue Reading
Kevin Burke Strengthens Latham's Private Equity Team
Big Moves in the Legal Arena Holy guacamole, folks—Kevin Burke just landed a plum spot at Latham & Watkins, stepping into their Mergers & Acquisitions and Private Equity team in New York. You might ask, who cares? Well, savvy investors and PE players should pay attention because moving legal minds like Burke can stir up the whole private equity scene. Who's This Burke...
Continue Reading
Energy Fuels Secures Key Financing for Donald Project
Donald Project: A Step Closer to Reality Look, when those rare earths start moving, the entire market gets a whiff of promise. Energy Fuels' Donald Rare Earth and Mineral Sands Project in Australia is gearing up for real action with a fresh funding nod. Export Finance Australia and the National Reconstruction Fund Corporation have conditionally greenlit up to A$180...
Continue Reading
Bank of America Faces Class-Action Suit in Court
Mixed Bag for Bank of America Investors If you thought you could just park your cash in big banks and slumber through the financial year, think again. Bank of America (NYSE: BAC) has found itself in hot water with a securities fraud class-action suit looming over what some are calling a pretty nasty oversight in compliance. A 4.76% stock drop was a bitter sip for those...
Continue Reading
DropGenie Nets $5M to Boost Functional Biology Reach
DropGenie Scores Big with Fresh Financing Boost Out of the Montreal wilderness, DropGenie is charging forward with a fresh $5 million injection in Seed+ financing. This isn't just loose change; it's a ticket to accelerating their mission of advancing functional biology platforms and beefing up data partnerships. You know, the kind of partnerships that even the suits in...
Continue Reading
University of Phoenix Grads Gain High Praise from Managers
Forget the stereotypes that tag University of Phoenix as just another factory for diplomas. The latest survey results paint a picture of graduates who seem to be real go-getters in the workplace. We’ve got managers from all over singing the praises of these alums, with a whopping 96% ready to vouch for them stepping into bigger roles. Not just talk, folks, this is their...
Continue Reading
Temu Partners with Recyclia to Drive EPR Compliance Boost
Temu and Recyclia: Building a Sustainable Marketplace Get this: Temu, the e-commerce giant you've heard trumpeting about affordable goods like some digital bazaar, is diving deeper into sustainability waters with a partner that knows a thing or two about waste. This time, they've linked up with Recyclia over in Spain. The duo's focus? Helping marketplace sellers meet the...
Continue Reading
LuminoCity Expands with B2B Entertainment Showcase
Big Lights, Immersive Action In an age where entertainment must be larger-than-life, LuminoCity seems to have figured out how to transform the ordinary into the extraordinary. The folks over at LuminoCity Festival have rolled out a strategy to supercharge their business-to-business (B2B) offerings, aiming to bring immersive entertainment solutions to parks, zoos, and...
Continue Reading
Century Communities Unveils New Homes Near Austin
New Opportunities in the Lone Star State Century Communities, Inc. (NYSE: CCS) is cranking up the heat in the real estate market with their latest attraction—Crosswinds in Kyle, Texas. This isn't just another cookie-cutter development; it's packing in excitement with a grand opening on October 28. From model home tours to early-bird savings, they're pulling out all the...
Continue ReadingTop 5 Most Recently Viewed Articles
Man Group PLC Discloses Stake in Keywords Studios plc
Man Group PLC Public Opening Position Disclosure Key Information Details of the Disclosure (a) Full name of discloser: Man Group PLC (b) Owner or controller of interests: N/A (c) Name of offeror/offeree related to these securities: Keywords Studios plc (d) If exempt fund manager linked to an offeror/offere
Continue Reading
Innovative YieldMax™ ETF Targets Crypto and Tech Income Growth
YieldMax™ Introduces a New Income Generating ETF YieldMax™, a leader in innovative investment strategies, has announced the launch of its first YieldMax™ Portfolio Option Income ETF. This exciting new fund, named the YieldMax™ Crypto Industry & Tech Portfolio Option Income ETF (LFGY), aims to tap into the growing sectors of cryptocurrency and technology....
Continue Reading
Eimskip Moves Forward with Standard Share Buyback Program
Eimskip to Initiate Standard Share Buyback Program In a recent development, Eimskip announced that no offers were received during the reverse auction buyback. As a result, the company has decided to transition to a standard share buyback that aligns with its ongoing buyback program. This strategic decision aims to optimize shareholder value and ensure the efficient use of...
Continue Reading
New Jersey Resources Board Elevates Dividend for Shareholders
New Jersey Resources Announces Dividend Increase The board of directors at New Jersey Resources Corporation (NYSE: NJR) has decided to raise the quarterly dividend by 7.1%, increasing it to $0.45 per share. This increase is a significant step in the company’s financial strategy and demonstrates its commitment to its shareholders. Effective Date and Historical Context...
Continue Reading
Wolters Kluwer Ranks Among Top Ten in RiskTech100 2025
Wolters Kluwer's Prestigious Ranking in RiskTech100 2025 Wolters Kluwer, a renowned global leader in professional information and software solutions, has achieved a remarkable top ten ranking in the Chartis RiskTech100 2025 report. This accolade highlights their excellence in the field of risk management technology. A Celebration of Excellence Ranked tenth overall,...
Continue Reading