BRIEF: Zalando, Tele2 boosts Kinnevik AB’s asset value

BRIEF: Zalando, Tele2 boosts Kinnevik AB’s asset value

Diversified Swedish tech investor, Kinnevik said its net asset value for the second quarter of the year rose to up SEK 3.1bn or 3% during the quarter driven by growth in Zalando and Tele2.

Despite the positive result, Kinnevik said its net debt pile increased by SEK 1.8bn to 2.9bn, driven by paid dividends and investment activity, corresponding to a leverage of 3% of portfolio value.

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