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.
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
