iliad and NJJ Holding completed the acquisition of a 19.8% stake in Tele2 from Kinnevik for SEK13bn.

Freya Investissement, a special investment vehicle jointly owned by iliad and NJJ Holding, completed the acquisition of a 19.8% stake in Tele2, a mobile network provider company, from Kinnevik, an investment company focused on digital consumer businesses, for SEK13bn. “The iliad Group and the Tele2 Group have a lot in common. We both believe in the power of innovation and the importance of an entrepreneurial mindset. Our business sector in Europe is highly demanding. So, we have a great deal of respect for what Tele2’s shareholders, management and teams have achieved, and we’re delighted that Kinnevik has chosen Freya as Tele2’s new reference shareholder. We look forward to contributing to the next chapter of Tele2’s growth story,” Thomas Reynaud, Freya Director and iliad Group CEO.