OSLO, Norway, Oct. 18, 2005 (PRIMEZONE) -- On 26 September 2005, Findexa and Eniro announced that they had reached agreement on the terms of a recommended acquisition by Eniro to acquire the entire share capital of Findexa. The Acquisition is conditional on approval by the shareholders of Findexa and Eniro as well as clearance by the Norwegian competition authorities.
The Norwegian Competition Authorities announced today that the acquisition has been approved. Subject to a formal court decision of the Royal Court of Jersey and approval by the shareholders of Findexa and Eniro, it is expected that the acquisition will be completed on or about December 5, 2005.
Findexa is one of the leading media companies in Norway, and the largest publisher of directory products. Findexa's main trade marks are Gule Sider(r), Telefonkatalogen(tm), Ditt Distrikt(r) and BizKit(r). The products are distributed through printed directories, on the Internet, via SMS, on CD-ROM's and through the directory assistance service Telefonkatalogen(tm) 1880.
In 2004, Findexa published 115 printed titles with a combined circulation of approximately 9 million copies, in addition to distribution of the trade marked services and products through its electronic channels. Findexa has offices in Oslo, Stavanger, Bergen, Trondheim, Toensberg and Gjoevik, and has approximately 1,050 employees.