Milllicom has announced that Swedish investment company Kinnevik has informed the company of its decision to abandon the previously announced plan to divest its Millicom shareholding due to unfavourable market conditions. The Swedish investor last month said it intended to divest its shares through a public offering of 11 million shares of the total 37.2 percent of Millicom shares it owns. Kinnevik itself clarified that unfavourable market conditions meant that “the envisioned two-step divestment cannot be concluded in its current form and on terms which Kinnevik finds sufficiently attractive for its shareholders.”
