Chrysalis Investments sells remaining stake in Klarna

(Sharecast News) - Chrysalis Investments said on Monday that it has sold its remaining stake in buy now, pay later firm Klarna for around £34m. Chrysalis had already disposed of £6m of shares in July.

Following the sale, Chrysalis will return around £25m to shareholders, while approximately £9m will be retained to provide "a prudent operating capital buffer and flexibility for potential follow-on investment into existing portfolio companies".

Chrysalis said the capital redemption is consistent with its stated policy of returning capital generated from portfolio realisations to shareholders "in an efficient and timely manner".

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