Kinnevik sells Rolnyvik for a cash consideration of SEK 400m

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Cristina Stenbeck, Executive Chairman of Kinnevik
Kinnevik | 11 November 2015

Kinnevik sells Rolnyvik for a cash consideration of SEK 400m
 
Investment AB Kinnevik today announced that it has sold its Polish agricultural business Rolnyvik for a total consideration of approximately SEK 400m in cash.
 
Rolnyvik, an agricultural business comprising 6,700 hectares of land in Poland, was founded by Kinnevik in 2000. The acquirer of Rolnyvik is a Polish enterprise within the agricultural sector.
 
The transaction is in line with Kinnevik's strategy of focusing its resources on building a select number of successful digital businesses and reducing the number of businesses owned.
 
The fair value of Rolnyvik in Kinnevik's accounts was SEK 250m as per 30 September 2015. 
Original source: Kinnevik
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