Kinnevik increases its holding in Metro to 95 percent

April 18 2012 The public offer to the shareholders in Metro International, announced in February, has been accepted to the extent that Investment AB Kinnevik will hold approximately 95 percent of the shares Metro.

Kinnevik is the largest owner in Metro and held approximately 46.6 percent of the share capital and approximately 42.4 percent of the votes prior to the announcement of the offer. Kinnevik intends to act to have Metro de-listed from Stockholm stock exchange, in accordance with applicable rules and sound stock market practice, the company writes in a press release.Kinnevik was founded in 1936. Its holdings of growth companies are focused around seven comprehensive business sectors; Telecom & Services, Media, Paper & Packaging, Online, Microfinance, Agriculture and Renewable energy. Kinnevik is owner of packaging paper producer Korsnäs.Metro was founded in 1995 and is the world’s largest newspaper with editions in 22 countries in Europe, North and South America and Asia. Metro’s newspapers attract 17.6 million readers on a daily basis in 100 cities throughout the world.