Eniro makes cash offer for SOL - becomes the largest in search services in the Nordic region

Eniro AB (publ) ("ENIRO" or "the Company") today makes a cash offer ("the Offer") to the shareholders of the largest portal network in the Nordic region, Scandinavia Online AB (publ) ("SOL"). By the acquisition of SOL, Eniro becomes the leading directory and search company in the Nordic region, both offline and online.

Press conference today Tuesday at 10.30 CET at Operaterassen in Stockholm and at 3 CET in Oslo at Gjerdrums vei 11Telephone conference at 10.30 CET on +46-8-500 525 41 Eniro offers SEK 11.50 in cash for each share. The Offer represents a premium of approximately 44 percent in relation to the last closing price of the SOL share on the Stockholm Stock Exchange during the last trading day prior to the announcement of the Offer. The Board of SOL unanimously recommends the shareholders to accept the Offer from Eniro. The main shareholders accept. Shareholders representing 75.9 percent of the shares and votes in SOL have undertaken to irrevocably accept Eniro's Offer. Acceptance period. The acceptance period is expected to last from November 26 through December 14 2001.

About Us

Eniro is a search company that aggregates, filters and organizes local information. Our growth is driven by users’ increasing mobility and multiscreen behavior, where we are at the forefront with modern technical solutions. For more than 100 years Eniro has helped people find local information and companies find customers. Today it is a multiscreen solution – our users search for information using their smart phones, tablets and desktops. Mobile advertising is today the fastest growing part of Eniro’s business. Eniro is the local search engine. A smart shortcut to what you need, no matter where you are or where you are going. Eniro is one of the largest search companies in the Nordic region and Poland. The company has approximately 2,000 employees and has been listed on NASDAQ Stockholm since 2000. During 2014, Eniro revenues amounted to SEK 3,002m and EBITDA was SEK 631m. Approximately 88 percent of Eniro advertising revenues come from multiscreen channels. The company’s headquarters are located in Stockholm, Sweden. More on Eniro at www.enirogroup.com. Eniro – Discover local. Search local.


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