SWEDEN - Ledstiernan increases Katsching stake to 62%

Katshing sells mobile phones, accessories, subscriptions and other mobile phone related services online. Since its foundation in 2003 it has become one of Sweden's largest online retailer in the sector.

Ledstiernan participated in the first round of investments for the company in early 2007, acquiring a 20% stake for SEK 6m. The investor later increased its stake to 40%, investing a further SEK 8.4m in November 2007.

The ownership of Katshing is structured through Wazoo Holding AB, which wholly owns Katshing.

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• Topics
• Expansion
• Nordics
• Consumer