Offer on SOL still attractive to Eniro in spite of Government's proposal
On November 20, 2001, Eniro AB (publ) ("Eniro") made a cash offer ("the Offer") to the shareholders of Scandinavia Online AB (publ) ("SOL").
Yesterday's information from the Government proposing restrictions in the right to deduct capital losses on shares in subsidiaries effective today is estimated to reduce expected positive tax effects in the year 2002 for Eniro from approx 160 MSEK originally to approx 60 MSEK in connection with the possible acquisition of SOL. Eniro still considers the acquisition of SOL to be industrially and financially very attractive. The new regulation is not expected to affect the realization of the Offer.