Financial Report for the Third Quarter and the First Nine Months 2019 (VNV Global)
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- Net asset value was USD 689.24 million on September 30, 2019 (December 31, 2018: 876.71), or USD 8.82 per share (December 31, 2018: 10.37).p.1
- NAV per share in USD increased by 16.4%, adjusted for the SEK 25 distribution, driven by the revaluation of Babylon (USD 105.9 mln).p.1
- On August 2, 2019 Vostok participated in Babylon's funding with USD 72.3 mln; the USD 500 mln round values the company at USD 2 billion post money.p.1
- A bond issue of SEK 550 mln (USD 55.8 mln) within a frame of SEK 800 mln closed successfully.p.1
- Gross investments in the nine months were USD 156.1 mln (2018: 46.58) and proceeds from sales USD 539.87 mln.p.7
- The portfolio is Mobility 48.0%, Digital Health 30.3% and Classifieds 16.3%.p.5
Key insights
- VOI completed a financing of USD 85 mln, in which Vostok participated with USD 47.5 mln, raising its ownership to over 30%.p.3
- VOI has reached more than 14 mln rides and holds 9 licenses in cities.p.3
- Vostok also acquired a credit facility of another USD 10 mln.p.3
- During the third quarter Vostok invested USD 0.4 mln in Shwe Property and valued its stake at USD 1.4 mln.p.7
Published by VNV Global (funder profile)
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