Telegram Marathon Group has bought nearly 12 percent in Russian food retailer Magnit.
Kinnevik to increase its stake in Avito Kinnevik to increase its stake in Avito 12 Feb, Kinnevik has participated in every financing round since the inception of the company.
Including the subscription price for the warrants, which are immediately exercisable, Kinnevik's investment will amount to approximately SEK m.
The transaction, which in total corresponds to 1. Avito is the largest and best known online classified platform in Russia.
It is also one of the top five internet sites in Russia, which is a top ten internet market globally. The momentum at Avito is accelerating reflecting strong underlying growth in the user base as well as the benefits of the merger with Slando.
When determining the assessed fair value in the books, Kinnevik has considered the recent transaction in Avito but concluded that the size of the trade has been too small to apply to Kinnevik's existing shareholding.
Consistent with previous quarters, Kinnevik instead applies a valuation based on sales multiples for a group of comparable companies. The increase in fair value of Avito is a combination of strong sales growth, expanding market multiples in the fourth quarter and the addition of newly listed peers with emerging market profile.
Avito reported a positive operating result for the period. The information is of such character, which Kinnevik shall disclose in accordance with the law on Trading with Financial Instruments The information was distributed for disclosure at 8. For further information, visit www. Kinnevik primarily invests in consumer centric businesses that provide innovative and value-added technology-enabled services.
Our main areas of focus are the Communications, e-Commerce, Entertainment and Financial Services sectors. We own significant stakes in over 50 companies that operate in more than 80 countries across five continents, with a particular emphasis on growth markets.
The Kinnevik Group employs more than 90 people around the world. Kinnevik actively supports the companies in which it invests and plays an influential role on their respective Boards.
Kinnevik was founded in by three Swedish families who continue to play a leadership role in the ownership of the Company and in the pursuit of its entrepreneurial ventures.XYZ Limited decides to increase its stake in AMGL from % to approximately 16%, and acquires an additional 16 million shares in AMGL on market.
XYZ informs the board of AMGL that it would like a seat on the board for Mr Xu, its majority shareholder.
Nov 29, · BioHiTech Global Signs Definitive Agreement to Increase Its Ownership Stake in the Nation's First HEBioT Renewable Resource Recovery Facility The facility is . UK spirits company Diageo has proposed to increase its stake in Chinese baiju maker Sichuan Shuijingfang to raise its stake to up to 60 percent through a partial tender offer.
Diago said it offered 62 yuan ($) for per Sichuan share of Sichuan, it currently holds a percent stake. Zhonghong Holdings will raise its stake in torosgazete.com Holdings Ltd by purchasing 40 million additional shares. The share price is S$ and the total price of the purchase will be S$10 million (equivalent to million RMB).
After the transaction is completed Zhonghong Holdings will hold % of Asiatravel’s shares. Naspers invests $71 million in Flipkart to increase its stake to 16 pc Naspers’ consolidated financial statements show that it made this investment in April by buying the stake from existing.
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