Cognition increases holdings in Sweden's Glocalnet
Cognition increases holdings in Sweden's Glocalnet LONDON (January 21, 2000) - Cognition is substantially increasing its holding in Glocalnet, the fast-growing Stockholm based company which offers telecommunications over the internet. The investment represents 50 million SEK of Glocalnet's recent 80 million SEK share offering, and raises Cognition's holding approximately from 3 per cent to 10 per cent. Cognition will receive 312500 shares at a price of 160 SEK per share. "An important element of our strategy is to focus on pre-IPO investment in companies that understand business in the new