Stock

Kinnevik's internet asset worth is up 11% from the earlier quarter

© Reuters.

STOCKHOLM (Reuters) – Swedish firm Kinnevik, one of Europe's largest publicly traded securities firms, reported an 11% increase in net asset value on Monday, compared to the previous quarter, largely due to re-evaluations of its investments in Babylon, Pleo and Budbee.

The net asset value rose compared to the previous quarter by 12.6 billion crowns to 76.2 billion.

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