JOOL Group becomes 10.7% shareholder in RLVNC

We’re pleased to have become a 10,7% shareholder in RLVNC, Relevance Communication Nordic AB. RLVNC is a Swedish newstech company offering free, high-quality news via a data-driven platform without paywalls or special-interest influence. The company has been publicly listed on the Nordic SME marketplace since 2017 and operates multiple independent media channels such as Dagens PS and Realtid.

“We are very impressed with what Relevance Communication has achieved so far and strongly believe in the company’s future. Through our engagement, we look forward to supporting the continued growth and development of its media platforms,” says Tom Olander, JOOL Group CEO.

"Through this transaction, the company is reducing its running costs and strengthening its liquidity in both the short and long term. This is also an important step towards further improving our financial position and creating scope for future growth," says Fredrik Lundberg, CEO of Relevance Communication Nordic AB.

Read Relevance’s press release (in Swedish): https://mb.cision.com/Main/158...