Kinnevik's Q2 NAV improves 38 percent, proposes special dividend

For the second quarter, Kinnevik reported NAV of 89.6 billion Swedish krona or 323 Swedish krona per share, up 24.7 billion Swedish krona or 38 percent in the quarter. The company’s net cash position was 5.5 billion Swedish krona, corresponding to 6.6 percent of portfolio value by quarter-end, and amounting to 3.6 billion Swedish krona adjusted for its upcoming 1.9 billion Swedish krona extraordinary cash distribution to shareholders.