Swedish investment company Kinnevik AB said it plans to divest its shareholding in telecommunications and media company Millicom International Cellular SA through a public offering and a distribution to Kinnevik’s shareholders.
Kinnevik will offer to divest 29% or about 11 million shares of the total 37.2% of Millicom shares it owns, the company said in a statement on Monday.
Millicom said in January talks about a possible offer for all shares of the company have been terminated by Liberty Latin America without an offer.
Source: Reuters.com