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

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

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

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