The Q3 NAV lands at USD 575m, marking a 4% q/q decline in dollar terms and a 9% q/q decrease on a per-share basis, partly driven by a negative revaluation of the largest holding BlaBlaCar. The NAV discount currently stands at 53%, with NAV per share at SEK 44 in Q3. The company notes that overall, the portfolio companies are performing well operationally, and VNV has completed exits worth USD 10m after the reporting period. Overall, a rather neutral report, in our view.
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