Eniro AB (ENRO), Sweden’s biggest yellow- pages publisher, rose the most in six weeks after Dagens Industri reported that Triton Advisers Ltd. may pursue a merger between European Directories BV and the Swedish company.
Eniro rose as much as 12 percent and was up 6.9 percent to 10.10 kronor as of 10:12 in Stockholm, giving the company a market value of 1 billion kronor ($151 million).
Triton has acquired about 30 percent of European Directories’ debt, according to Dagens Industri, and has made a concrete offer to other bondholders that would give it close to full control over the company. Once that deal is complete, a merger with competitor Eniro would be the next step, the newspaper said, citing sources following the process.
To contact the reporter on this story: Kim McLaughlin in Stockholm at email@example.com
To contact the editor responsible for this story: Tasneem Brogger at firstname.lastname@example.org