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Sweden's Kinnevik to divest Millicom investment
2019-06-04 10:08:00| Telecompaper Headlines
(Telecompaper) Milllicom has announced that Swedish investment company Kinnevik intends to divest its shareholding in the Latin America-focused telecommunications group through a public offering and a distribution to Kinnevik's shareholders. The investment company is currently Millicom's largest shareholder and will offer to divest about 11 million shares of the total 37.2 percent of Millicom shares it owns, and distribute the remainder of its holding to shareholders.
Tags: investment
divest
millicom
swedens
Category:Telecommunications