Chrysalis Investments, a British investment trust, announced on Monday that it has sold its remaining stake in the buy now, pay later company Klarna. The sale of these holdings generated £34m, following an earlier sale of £6m in July.
The investment trust stated that the sale was at a higher value than its recent book valuation for Klarna, partially reversing earlier markdowns. Chrysalis intends to allocate £25m from the sale proceeds to shareholders via a share buyback program, with approximately £9m retained for operational capital and potential future investments.
Klarna's value has reportedly plunged by around 70 per cent since its public debut in New York just over 12 months ago. As of March 2026, Klarna represented approximately 6.5 per cent of Chrysalis's net assets.