Storytel AB (publ) (OM:STORY B) agreed to acquire a 70% stake in Bokforlaget Lind & Co AB from Kristoffer Lind on March 18, 2021. The consideration will be paid partly in cash and partly through the issuance of 0.34 million shares in Storytel AB (publ). Post completion, Storytel will have 70% stake and Kristoffer Lind will have 30% stake in Bokforlaget Lind & Co AB. For the year ending December 31, 2020, Lind & Co reported sales of SEK 111 million and EBIT of SEK 22.6 million. The closing is expected to take place in April 2021. FNCA Sweden AB acted as financial advisor to Storytel.