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Investment AB Kinnevik

Company nameInvestment AB Kinnevik
Company typePublic (OMX - SSE999KINV B)
HeadquartersStockholm, Sweden
Key peopleCristina Stenbeck, Chairman and Principal Owner
Mia Brunell, CEO

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Investment AB Kinnevik is an investment company established in 1936 by Wilhelm Klingspor and Robert von Horn. They had just sold their sugar company and were left with a farming company Mellersta Sveriges Lantbruks AB and cash. Their lawyer was Hugo Stenbeck. The lawyer got significant operating control over the company. Over time he acquired shares from his clients and eventually became the largest shareholder of the company. The old story of the lawyer becoming richer than the client again. The lawyer's son, Jan Stenbeck, transformed the company into a modern holding company. Kinnevik is today one of the largest listed investment companies in Europe with total assets of $7 billion. Over the past 30 years Kinnevik has set up numerous entrepreneurial new businesses within media, telecoms and business services. A number of these businesses have then been spun off by means of dividend share issues to Kinnevik shareholders, and listed separately on Stock Exchanges in Europe and North America, such as the European mobile and fixed line operator Tele2, The Scandinavian and Eastern European broadcasting group Modern Times Group MTG AB, the leading global free newspaper company Metro International, the European call center and debt collection company Transcom WorldWide, the financial services group Invik & Co and finally the emerging market mobile telecommunications group Millicom International Cellular S.A. with licenses in 17 countries. Kinnevik also wholly owns Korsnäs which is a carton board manufacturing business focused mainly on liquid packaging board.

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