KINNEVIK: Always want to post unquoted the last transaction – FC
2015-02-06 11:21
(SIX) The investment company Kinnevik would "always" exploit IFRS rules possibilities that between quarters evaluate their private portfolio companies to the last transaction value, but only in the insofar as there is a "reasonable benchmark". It states Kinnevik's outgoing Chief Financial Officer Mikael Larsson at Friday's closing presentation. Larsson resigns after the AGM in May. The rules require According to Larsson, among other things, that the reference point is a significant transaction in the portfolio company, to transaction is at arm's length and that the shares sold had the same preference in the capital structure that Kinnevik's shareholding. Kinnevik has been on and off for the past few years received some criticism inter alia, in the media to the carrying values of its unlisted Internet company shares appeared to be offensive book. At the same time managed to Kinnevik in the fall demonstra bly put the two Internet holdings Zalando and Rocket Internet on the Frankfurt Stock Exchange, two holdings which are then seen further growth in value even during their short first time as public companies. Kinnevik's remaining unlisted holdings were at December 31, 2014 posted 12.5 billion. Of the financial report shows that if Kinnevik would use recent transactions in portfolio companies all positions would valuations swell by a further 4.1 billion to EUR 16.6 billion. Johan Eklund, +46 31 350 64 87 mailto: johan.eklund@six-group.se www.blogg.six.seSIXNews SIX News
No comments:
Post a Comment