Kinnevik's Q3 NAV improves by 3 percent

During the third quarter, Kinnevik’s net asset value of 92 billion Swedish krona (9.5 billion dollars) or 334 Swedish krona (34.7 dollars) per share, increased by 3 billion Swedish krona or 3 percent, which the company said, was primarily driven by positive share price development in Zalando and Tele2, and partially offset by weaker share price performance in GFG and Millicom. Net debt position decreased by 4.9 billion Swedish krona to 0.8 billion Swedish krona, mainly as a consequence of the sell-down in Zalando and the extraordinary dividend from Tele2.