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.

About Us

Eniro is a Digital marketing- and On-line search company for individuals and businesses in the Nordic region. With quality-assured content and an unrivaled user experience, Eniro inspires local discoveries and makes local communities thrive. Eniro’s content is available through Internet and mobile services, directory assistance and SMS services. Each week, Eniro Group’s digital services have about six million unique visitors. Eniro Group has about 1,100 employees and operations in Sweden, Norway, Denmark and Finland. The company is listed on Nasdaq Stockholm [ENRO] and headquartered in Stockholm. More about Eniro at enirogroup.com.

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