Investment AB Kinnevik

Investment AB Kinnevik (Swedish pronunciation: [ɕɪnɛˈviːk]) is a Swedish investment company that was founded in 1936 by the Stenbeck, Klingspor and von Horn families.

Kinnevik is an active and long-term owner and its investments are made primarily in technology-based services aimed at consumers.

Kinnevik holds significant stakes in about 50 companies operating in more than 80 countries, with a particular focus on growth markets. The largest holdings are Millicom, Tele2, Zalando, Rocket Internet, MTG and Avito.

Kinnevik’s largest shareholder is Verdere S.á.r.l., which is jointly owned by Cristina and Max Stenbeck.

History

Kinnevik was founded as an investment company in 1936 by Robert von Horn, Wilhelm Klingspor and Hugo Stenbeck. The most important holdings when the company started were Mellersta Sveriges Lantbruks AB, Lidköpings Konfektyr Industri AB and Korsnäs Sågverks AB. The company grew quickly through share purchases and acquisitions of companies that included chocolate manufacturers Nordiska Suchard and Halmstads Järnverk.