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-0.106194690265487 -0.106194690265487 -0.106194690265487 -0.106194690265487 -0.104247787610619 -0.103008849557522 -0.0991150442477876 -0.0893805309734513
Stock impact report

Kinnevik intends to divest its shareholding in Millicom

Millicom International Cellular S.A. (TIGO) 
Last millicom international cellular s.a. earnings: 5/1 04:01 pm Check Earnings Report
Company Research Source: GlobeNewswire
Kinnevik intends to divest its shareholding in Millicom Luxembourg, June 3rd, 2019 – Millicom International Cellular S.A. (“Millicom”) announced today that it has filed a registration statement on Form F-1 with the U.S. Securities and Exchange Commission (the “SEC”) to register the offer and sale of 11 million shares of Millicom (NASDAQ: TIGO) held by Kinnevik AB, Millicom’s largest shareholder and/or its affiliates (collectively, “Kinnevik”). In addition, Kinnevik has granted the underwriters the option to purchase up to 1.65 million Millicom shares from Kinnevik within 30 days from the offering date. Conditional upon the successful completion of the offer and sale, the Board of Kinnevik has communicated its intention to carry out in December 2019 a distribution to Kinnevik’s shareholders of its entire remaining shareholding interest in Millicom.  Kinnevik currently owns 37,835,438 Millicom shares, equivalent to 37.2% of Millicom’s total shares outstanding. The 11 million shares Show less Read more
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