Relevant Traffic has sold 36% of stock to Kinnevik

Relevant traffic is a big player in Sweden with a focus on selling clicks from the search engine listings.
Kinnevik , a big investement company has bought 36% of the stocks for 28 million Swedish kronors and is hoping to expand in Europe the next two years. They are looking to expand mostly in France and the U.K. and then move into Germany.
Their turnaround was 50 million SEK and the profit was 0.4 million SEK 2005/2006.

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