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VNV Global Q3: NAV down slightly sequentially - SEB

Company assessed NAV come in at USD 710m, down by -2% in dollar terms q/q (Q2/23: USD 725m) while the reported NAV per share is at SEK 59 (SEB estimated NAV per share SEK 40). A small change in NAV q/q is mainly due to fair value changes and Gett is marked down by -14%. The cash position is at USD 50m (Q2/23: USD 58m). BlaBlaCar continues as the largest holding in Q3/23 at USD 283m where ownership remains at 13.7% and makes up 33% of the portfolio.

Company assessed NAV come in at USD 710m, down by -2% in dollar terms q/q (Q2/23: USD 725m) while the reported NAV per share is at SEK 59 (SEB estimated NAV per share SEK 40). A small change in NAV q/q is mainly due to fair value changes and Gett is marked down by -14%. The cash position is at USD 50m (Q2/23: USD 58m). BlaBlaCar continues as the largest holding in Q3/23 at USD 283m where ownership remains at 13.7% and makes up 33% of the portfolio.
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