Deals
Kinnevik CEO Targets Web Growth to Focus on Fewer Assets
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Investment AB Kinnevik, owner of online retailer Zalando SE and phone carrier Tele2 AB, plans to focus on fewer assets to concentrate on holdings with the most potential, its new chief executive officer said.
The Stenbeck family’s investment company, whose assets also include Millicom International Cellular SA and Modern Times Group AB, has no investments that it wouldn’t sell for the right price while it seeks growth in areas such as the Internet, CEO Lorenzo Grabau said yesterday in an interview.