Eniro Abandons Acquisition of 118 800 After “Protracted” Swedish Competition Process

By Business Desk; published on February 27, 2012 at 9:19 am

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Eniro has abandoned its acquisition of 118 800 after the Swedish Competition Authority indicated that it wanted to conduct and in-depth investigation into the deal.

The Nordic search engine feared a “protracted process” and withdrew from the deal to buy the directory assistance service.

With 3,600 employees in Sweden and Poland as well as revenues of SEK 4,323 M in 2011, the listed tech company has considerable clout in the Northern European online sector.

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Posted by Business Desk on February 27, 2012. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

News Tags: Search, STO:ENRO.

About Business Desk

Editors and staff from the Business Desk at The Global Herald.

Website: http://theglobalherald.com/section/business/