Metro divests operations in Hong Kong and St Petersburg

Investment AB Kinnevik (publ) ("Kinnevik") today announced that its subsidiary Metro International S.A. has signed agreements to divest its operations in Hong Kong and St Petersburg to local media companies in the respective market. Total consideration for both transactions amounted to approximately SEK 260m. The sale of Metro St.Petersburg has closed and the sale of Hong Kong is expected to close by year-end.