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Eniro Rises on Report of Triton-Backed Merger: Stockholm Mover

Aug. 24 (Bloomberg) -- Eniro AB, 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 kmclaughlin6@bloomberg.net

To contact the editor responsible for this story: Tasneem Brogger at tbrogger@bloomberg.net

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