Sweden’s Kinnevik to distribute $6.6 billion Zalando stake to shareholders
Swedish investment firm Kinnevik plans to distribute its stake in German online fashion group Zalando, worth 55 billion crowns ($6.6 billion), to its shareholders. The Swedish firm’s stake of 54 million shares represents 21% of total outstanding shares in Zalando. Shares in the German online fashion giant, which have doubled in the past year, fell […]
