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Decreased value for Kinnevik

» Updated: 16 July 2024, 14:12

» Published: 09 July 2024

Decreased value for Kinnevik
Photo: Henrik Montgomery/TT

The investment company Kinnevik's net asset value amounted to 39.3 billion kronor or 140 kronor per share during the second quarter. This is a decrease of 16 percent compared to the same period last year.

The company reports a loss before tax of 2,268 million kronor. This can be compared to a loss of 1,410 million kronor during the same period last year.

During the second quarter of the year, the company completed the second step in the sale of the telecom company Tele2. The third and final step is expected to be completed during the third quarter, according to Kinnevik's quarterly report.

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By TTThis article has been altered and translated by Sweden Herald

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