Kinnevik B, SE0022060521

Kinnevik rejects Stegra funding as SEB raises target for Kinnevik B stock

Published on 10/05/2026 at 10:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

SEB set a SEK 74.00 target, up from SEK 56.00, on September 9, 2026. Kinnevik B stock costs EUR 5.55 on October 5, 2026 versus EUR 5.54.

Modernes Glasgebäude am Stockholmer Hafen bei Dämmerung, Symbolbild für Kinnevik AB — Kinnevik AB (ISIN SE0015810247) zeigt modernes Bürogebäude am Wasser, symbolisch für schwedische Investment-Holding bei Dämmerung, Illustration mit AI erstellt.

Kinnevik B (ISIN SE0022060521) was trading at EUR 5.55 at Lang & Schwarz on October 5, 2026 at 10:34 a.m. CEST, with a plus 0.18 percent change versus the prior close of EUR 5.54. On September 30, 2026, EFN reported that Kinnevik would not participate in a new financing round for Stegra. MarketScreener reported on September 9, 2026, that SEB raised its target from SEK 56.00 to SEK 74.00.

Stegra exposure has been reset

EFN said Kinnevik's Stegra holding was valued at SEK 110.00 million at March 31, 2026, after an 83.00 percent write-down. Kinnevik had invested close to SEK 1.20 billion in the steel project, making the latest decision a clear capital-preservation step.

The same report said Stegra was seeking at least SEK 10.00 billion in additional funding. Kinnevik also declined to join an April financing round worth EUR 1.40 billion, which was equivalent to about SEK 15.00 billion at the time.

NAV rose in the second quarter

Kinnevik's interim report for January 1 through June 30, 2026, is identified on its investor-relations page. In the second quarter of 2026, net asset value rose 6.00 percent to SEK 29.60 billion, or SEK 107.00 per share, according to the Yahoo Finance transcript of the July 7, 2026 earnings call.

Management also reported SEK 57.00 million of net investments in the second quarter, the lowest quarterly level since the fourth quarter of 2019. Net cash stood at SEK 7.40 billion at the end of June, while the company targeted management cash costs of SEK 200.00 million per year from 2027, down from SEK 313.00 million in 2025.

Results date sets the next checkpoint

Kinnevik's shares are listed on Nasdaq Stockholm's large-cap list under KINV A and KINV B, according to the company's Nasdaq announcement dated September 28, 2026. The company will publish its third-quarter 2026 results on October 15, 2026, giving investors the next reported measure of NAV, capital allocation and portfolio valuation.

Lang and Schwarz quote at EUR 5.55

Kinnevik B was trading at EUR 5.55 at Lang & Schwarz on October 5, 2026 at 10:34 a.m. CEST, versus the prior close of EUR 5.54 and a daily change of plus 0.18 percent. The primary-market quote was SEK 62.42 on Nasdaq Stockholm at 8:38 a.m. CEST on October 5, 2026, with a 52-week range of SEK 46.78 to SEK 91.26 and market capitalization of SEK 17.6 billion. The further course of trading is shown by the continuously updated real-time quote of Kinnevik B stock.