kinv b founded 1936 ; 80 years ago 1936 founders hugo stenbeck wilhelm klingspor robert von horn headquarters stockholm sweden key people cristina stenbeck principal owner tom boardman chairman lorenzo grabau ceo revenue sek 1.129 billion 2015 1 website www.kinnevik.se kinnevik ab swedish pronunciation n vi k is a swedish investment company that was founded in 1936 by the stenbeck klingspor and von horn families . 2 kinnevik is an active and long term owner and its investments are made primarily in technology based services aimed at consumers . 3 kinnevik holds significant stakes in about 30 companies operating across five continents in more than 80 countries with a particular focus on growth markets . the largest holdings are zalando millicom tele2 rocket internet global fashion group and mtg. 1 kinnevik s largest shareholder is verdere s. . r.l. which is jointly owned by cristina stenbeck and the estate of max stenbeck . 1 contents 1 history 2 significant holdings 3 shareholders 4 recent news 5 references 6 external links history edit 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 lidk pings konfektyr industri ab and korsn s s gverks ab . the company grew quickly through share purchases and acquisitions of companies that included chocolate manufacturers nordiska suchard and halmstads j rnverk . 4 the company s aggressive acquisition strategy of swedish industrial companies continued during kinnevik s first decades . the ownership structure of the investment company changed as hugo stenbeck gradually increased his holdings . 5 kinnevik became a listed company and obtained additional capital in a new share issue in 1954 . the first shares in sandvikens j rnverk were purchased a few years after entering the stock market . hugo stenbeck replaced wilhelm klingspor as chairman of kinnevik in the early 1960s . shortly thereafter hugo stenbeck s oldest son hugo stenbeck jr became managing director of the company . 6 hugo stenbeck jr died in 1976 and his younger brother jan hugo stenbeck joined kinnevik s management team . hugo stenbeck sr died in 1977 . 5 the shareholding in sandvik ab increased steadily during the late 1970s while kinnevik increased its position in fagersta ab . a major holding in the insurance company atlantica was acquired in 1978 . 6 several auto companies were acquired in 1980 and were gathered under the name svenska motor ab . this included the import and sales of toyota vehicles . 5 in the early 1980s comvik ab launched a new mobile telephony system and after a number of legal battles with state owned televerket gained a favourable ruling by the supreme administrative court . in 1985 a satellite system for television distribution was completed and during the late 1980s the battle intensified with the state owned monopolies in telecommunications television and radio . tv3 sent its premier broadcast from london on new year s eve 1987 . comvik obtained authorisation to start a new mobile telephony network in 1989 . 5 7 millicom international cellular was formed the following year . 8 the first kinnevik run radio broadcasts began in 1991 . during the same year kinnevik became the largest owner in newly established tv4 with a 20 percent shareholding . the free newspaper metro international was launched in 1995 and the concept later spread rapidly throughout the world . 5 in 2001 the telecommunications operator netcom changed its name to tele2 . 9 jan hugo stenbeck died on 19 august 2002 and was replaced by edvard von horn as chairman . pehr g. gyllenhammar became chairman in 2004 and was replaced three years later by cristina stenbeck . 9 between 2005 and 2010 there was a major shift in the shareholdings in which ownership in millicom increased and forestry shares decreased . invik was sold to the icelandic investment company milestone . 9 at this time the foundation was laid for investments in a number of internet businesses particularly e commerce companies . this profile was strengthened after 2010 with major investments in rocket internet zalando avito and global fashion group among others . 10 in 2016 kinnevik stepped off the board of rocket internet citing concerns over potential conflicts of interest . 11 significant holdings edit at year end 2015 kinnevik s net asset value amounted to sek 83.5 billion . the largest holdings are value corresponds to kinnevik s ownership in sek billions 1 company value in billions sek zalando 26 millicom 18 tele2 12 rocket internet 6 global fashion group 4 modern times group 3 kinnevik divides its operations into the following areas e commerce and marketplaces communication entertainment and financial services . shareholders edit per december 2015 1 company percent of capital percent of votes verdere s. . r.l. 10.6 44.8 klingspor family 3.2 10.5 von horn family 0.9 3.3 baillie gifford 5.1 2.1 alecta 2.2 2.0 amf 3.2 1.4 swedbank robur 3.1 1.3 nordea 2.3 1.0 seb 1.4 0.8 handelsbanken 1.5 0.6 recent news edit in september 2014 two kinnevik backed companies rocket internet and zalando made their initial public offerings ipos on the frankfurt stock exchange . 12 in april 2014 kinnevik announced that it had picked former goldman sachs banker lorenzo grabau as its ceo following mia brunell departure from the position in january that year . 13 in october 2015 avito was sold to the south african media conglomerate naspers . 14 in february 2016 kinnevik invested in london s babylon health alongside hoxton ventures and the founders of google deepmind . 15 in march 2016 cristina stenbeck announced her intention to step down as chairman of kinnevik and was replaced at the 2016 agm by tom boardman . cristina stenbeck remains a board director of kinnevik . 16 references edit a b c d e kinnevik annual report financial statement pdf . 2015 . e hugo stenbeck press release . riksarkivet . f r ndring den b sta l ngsiktiga strategin press release . svd naringsliv . 26 june 2014 . entrepren r press release . z story . 1 march 2013 . a b c d e carlsson bengt 2011 . tre familjer en historia . brombergs bokf rlag ab . a b andersson per 2012 . stenbeck en biografi ver en framg ngsrik aff rsman . modernista group ab . comviq background press release . comviq.se . millicom international looks to invest in ivory coast press release . biztech africa . 7 december 2014 . a b c netcom byter namn till tele2 press release . affarsvarlden . 19 january 2001 . dj rvare n jan press release . fokus . 24 january 2014 . kinnevik representatives to leave rocket internet board . reuters . 2016 05 02 . retrieved 2016 08 05 . http www.breakingviews.com rocket and zalando call top of europe % e2 % 80 % 99s ipo market 21167162 . article press release . breakingviews.com . 3 october 2014 . external link in title help sweden s kinnevik names ex goldman banker grabau as ceo press release . reuters . 7 april 2014 . chrisspillane ilya khrennikov christopher spillane . naspers takes control of russia s avito in 1.2 billion purchase . bloomberg.com . retrieved 2016 06 03 . https techcrunch.com 2016 01 13 babylon health . missing or empty title help cristina stenbeck steps down from kinnevik millicom chairs . reuters . 2016 03 11 . retrieved 2016 06 03 . external links edit kinnevik kinnevik kinnevik in brief retrieved from https en.wikipedia.org w index.php title kinnevik ab & oldid 742802753 categories companies based in stockholminvestment companies of swedenstenbeck familycompanies established in 19361936 establishments in swedencompanies listed on the stockholm stock exchangehidden categories cs1 errors external linkspages with citations lacking titlespages with citations having bare urlspages using infobox company with unsupported parameters navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view 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