Kinnevik's Q2 NAV increases by 3 percent

Kinnevik’s NAV increased by 3 percent to 96.4 billion Swedish krona (10.8 billion dollars), or 350 Swedish krona (39.3 dollars) per share, in the second quarter, which the company said, was driven mainly by a positive development in Zalando and Tele2. The value of its private assets increased slightly in the quarter to 12.6 billion Swedish krona (1.4 billion dollars). The company added that Kinnevik ended the quarter with a strong financial position, with net debt of SEK 2.9 billion Swedish krona (0.3 billion dollars), corresponding to a leverage of 3 percent.