Freya Investissement is a special investment vehicle jointly owned by iliad and NJJ Holding.
NJJ is the personal investment vehicle of Xavier Niel, a recognised entrepreneur and major long-term investor in the telecoms sector across several European and African markets.
He is also the owner of iliad, a leading telecoms provider present in France, Italy and Poland.
Overall, Xavier Niel has telecoms investments in nine countries in Europe with nearly 50 million active subscribers combined and more than €10 billion in revenues.
Freya has signed a binding legal agreement to acquire a 19.8% of the share capital of Tele2 for total cash consideration of approximately SEK 13.0 billion (€1.16 billion).
Freya is acquiring the shareholding from Kinnevik, an investment company focused on digital consumer businesses.