Investment AB Kinnevik
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| Investment AB Kinnevik
<tr><td colspan="2" style="text-align:center; padding:16px 0 16px 0;">Image:Kinnevik.gif</td></tr> | |
| Type | Public |
|---|---|
| Founded | 1936 |
| Headquarters | Stockholm, Sweden
<tr><th style="text-align:right; padding-right:0.75em;">Key people</th><td>Cristina Stenbeck, Principal Owner |
Investment AB Kinnevik was established in 1936 by Hugo Stenbeck as an investment company. The founder's son, Jan Stenbeck, transformed the company into a modern holding company. It has the second largest holdings of Swedish investment companies based on currency value behind Investor AB. At the end of 2004 the market value of the Group's holdings of listed securities amounted to SEK 21,898 million ($3 billion) at 31 December 2004. Accordingly, market value was SEK 5,581 million higher than book value on the same date (press release).
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[edit] Quick facts
- Performance - Since 1976, Kinnevik’s shares have generated an average effective yield of almost seventeen per cent per year through higher share prices and dividends, as well as the value of the offer to subscribe for shares.
- Market value of the Group's holdings of listed securities: SEK 21898 million ($3 billion) at 31 December 2004.
- Book value (balance sheet shareholders' equity) of unlisted holdings: SEK 5312 million (including "interest bearing net debt"?)
Consolidated financial statements December 31, 2004 (SEK million)
- Total shareholders’ equity: 14461
[edit] Operating companies
- Korsnäs Holding AB
- Invik & Co. AB - Include four wholly owned subsidiaries – Banque Invik, Fischer Partners, Moderna Försäkringar and Invik Kapitalförvaltning.
- Mellersta Sveriges Lantbruks AB (MSLA)
- Other - Förvaltnings AB Eris & Co, Relevant Traffic Europe AB, Kontakt East
[edit] Listed holdings
In order of size
- Tele2
- Millicom International Cellular S.A.
- Transcom WorldWide AB
- Metro International
- Modern Times Group MTG AB
