Kinnevik: Conversion of debentures in Invik & Co.Investment AB Kinnevik with subsidiaries ("Kinnevik") today announced that the Company has filed for conversion into shares of all convertible debentures Kinnevik holds in Invik & Co. AB ("Invik").The convertible debentures have a nominal value of SEK 235 million and will be converted into 2,148,710 class A shares and 2,370,520 class B shares in Invik at the predetermined conversion price of SEK 52 per share. Kinnevik did not own any shares in Invik before this transaction and will after conversion own 14.2% of the capital and 25.2% of the votes in Invik on a fully diluted basis. As a result of the conversion Kinnevik's net debt will increase by SEK 235 million. For further information, please visit www.kinnevik.se or contact:Mia Brunell, CEO +46 (0) 8 562 000 00Henrik Persson, Investor Relations +46 (0) 8 562 000 87 +46 (0) 707 62 00 87 Investment AB Kinnevik's objective is to increase shareholder value, primarily through net asset value growth. The Parent Company manages a portfolio of long-term investments in a number of listed companies such as Tele2, Modern Times Group MTG, Millicom International Cellular, Metro International, Transcom WorldWide and Invik & Co. Kinnevik plays an active role on the Boards of its listed holdings. The Company's subsidiaries are principally active in cartonboard and paper production through Korsnäs, and farming through Mellersta Sveriges Lantbruk. Investment AB Kinnevik's class A and class B shares are listed on the Stockholm Stock Exchange's Nordic list for large-cap companies within the financial and real estate sector. The ticker codes are KINV A and KINV B.Attachment: Press release (PDF)Text version / Internet version / Print / Close