Erik Penser invests undisclosed amount for 30% of Trade Venue

Erik Penser has acquired 30 per cent stake in Trade Venue to further strengthen its distribution power of its Penser Access product. The transaction was made with existing investor, Andreas Bonnier, who sold all his shares.

TradeVenue is a Stockholm-based social network aggregating information about public listed companies from the Stockholm Stock Exchange. The site also offers a forum and social networking features.

"The investment in Trade Venue is a significant step for Penser to further strengthen the distribution power of our successful corporate service concept Penser Access. With the investment in Trade Venue, we will strengthen our presence in the increasingly important platforms, which today attracts investors who are interested in small cap stocks,"
says Johan Morner, CEO Erik Penser.

Erik Penser becomes largest shareholder of Trade Venue, but the company will operate under the same management as before.