Sweden: Kinnevik Invests $14 million in African Micro Finance Company
Stockholm, Sweden, October, 15 2007 -
Investment AB Kinnevik publ. ("Kinnevik") today announced that it has financed the African micro finance company Bayport with USD 14 million. The financing is provided as a blend of debt and equity.
Investment AB Kinnevik's objective is to increase shareholder value, primarily through net asset value growth. The Parent Company manages a portfolio of investments focused around three comprehensive business areas; Major Listed Holdings which includes Millicom International Cellular, Tele2, Modern Times Group MTG, Metro International and Transcom
WorldWide, Major Unlisted Holdings which includes the cartonboard and paper company Korsnäs, and New Ventures which is active in finding new investments in small and mid sized companies which has a significant growth potential. Kinnevik plays an active role on the Boards of its holdings.