New Wave CEO and founder Torsten Jansson has purchased 90,000 B-shares in investment firm Kinnevik, valued at approximately SEK 5.3 million, according to a Holdings update reported by Dagens industri.
Torsten Jansson has also initiated new positions in Alfa Laval and Atlas Copco, valued at roughly SEK 4.8 million and SEK 5.3 million respectively, the business daily reports.
Kinnevik has faced significant headwinds, with its share price declining 29 percent since the start of the year. In late May, Investor's former CFO Helena Saxon was appointed as the new CEO of the investment company, effective August 1.
Kinnevik shares are up 4.0 percent in today's trading at SEK 59.60. Alfa Laval has gained 0.4 percent to SEK 541.20, while Atlas Copco is down 0.9 percent at SEK 160.70.
Kinnevik AB is a Sweden-based investment company focused on building digital consumer businesses. The Company's operations are divided into four segments, namely: E-commerce and Marketplaces, Communication, Entertainment and Financial Services. The E-commerce and Marketplaces segment is represented by such investments, as Zalando, Global Fashion Group, Qliro Group, Home24, Lazada, Linio, Konga and Rocket Internet, among others. The Communication segment is represented by such investments, as Tele2 and MiIlicom. The Entertainment segment is represented by MTG and Metro investments. The Financial services segment is represented by Bayport, Betterment, Bima investments. The Company operates globally in more than 80 counties.
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