iliad and NJJ Holding to acquire a 19.8% stake in Tele2 from Kinnevik for €1.16bn.

Freya Investissement, a special investment vehicle jointly owned by iliad and NJJ Holding, agreed to acquire a 19.8% stake in Tele2, a mobile network provider company, from Kinnevik, an investment company focused on digital consumer businesses, for €1.16bn. As a shareholder, Freya intends to be a supportive, long-term investor and engage with Tele2’s governing bodies and management team, using the experience of Freya’s team to further Tele2’s growth.