The board of investment firm Kinnevik has appointed Helena Saxon as the new CEO, effective August 1. While the stock rose on the news, Affärsvärlden's editor-in-chief Peter Benson remains skeptical of the company in a commentary on Monday.
'Selling off unpopular assets at fire-sale prices only to buy what is popular and therefore expensive. The risk of poor deal-making is imminent and is further exacerbated by the fact that Kinnevik is operating from a position of weakness with a tarnished brand,' writes Peter Benson.
Peter Benson previously criticized Kinnevik in a column published on March 13.
Kinnevik AB is a Sweden-based investment company focused on building digital consumer businesses. The Company's operations are divided into four segments, namely: E-commerce and Marketplaces, Communication, Entertainment and Financial Services. The E-commerce and Marketplaces segment is represented by such investments, as Zalando, Global Fashion Group, Qliro Group, Home24, Lazada, Linio, Konga and Rocket Internet, among others. The Communication segment is represented by such investments, as Tele2 and MiIlicom. The Entertainment segment is represented by MTG and Metro investments. The Financial services segment is represented by Bayport, Betterment, Bima investments. The Company operates globally in more than 80 counties.
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ESG MSCI
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