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Kinnevik announces plan to distribute Zalando stake to shareholders

STOCKHOLM, Feb 17 (Reuters) - Investment firm Kinnevik plans to propose a distribution of its stake in German online fashion firm Zalando to Kinnevik shareholders at the 2021 Annual General Meeting, the Swedish company said in a statement on Wednesday.

Kinnevik said it owns 54 million Zalando shares, equivalent to 21% of Zalando’s total shares outstanding.

Reporting by Johannes Hellstrom

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