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EQT buys stake in Sweden’s Storytel – becomes second largest shareholder

EQT’s Public Value division has announced they’ve acquired 6.6 million shares of Swedish audiobook and ebook streaming service, Storytel. The purchase represents 9.7% of the shares outstanding making them the second largest shareholder.

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Storytel provides over 700,000 titles to consumers in 25 markets globally, streaming under the brands Storytel and Mofibo.

“After 11 amazing years as Chairman of the Board I am glad to hand over the baton to Stefan Blom and welcome EQT as a major shareholder.

Storytel Chairman, Rustan Panday 
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Jan Ameri
Entrepreneur-by-heart – and by actions since 1998. Being an expert in spotting new opportunities and creating new concepts, Jan has been a partner or co-founder in seven different companies in various industries. In the early 2000’s he was pioneering some of the very first WAP, SMS, and interactive TV based wireless games and fantasy sports games in the Nordic countries. Jan loves to watch Shark Tank and The Profit in his free time. And he is an FC Barcelona fan.

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