Kinnevik completes the third and final step of the divestment of its shareholding in Tele2
Kinnevik AB (publ) ("Kinnevik") today announced the fulfillment of all conditions required for completion of the third and final step of the divestment of Kinnevik's shareholding in Tele2 AB (publ) ("Tele2") to Freya Investissement, an investment vehicle jointly controlled by the European telecommunications group iliad and its Chairman and founder Xavier Niel through NJJ Holding, announced on 26 February 2024.
The third and final step of the transaction comprises Kinnevik's remaining 6.5 million Tele2 Class A shares and encompass SEK 637m in sales proceeds, adjusted downwards for 23m of dividends received from Tele2 during the second quarter of 2024.