Eniro could be taken over by Triton
Triton, the European PE firm, is trying to take over the troubled Swedish directory services company, Eniro, according to Dagens Industri. This comes after yesterday's report in Swedish media that Eniro's creditors are considering bankruptcy for the company which Eniro later denied via a stock exchange announcement.
The Swedish business daily reported, citing sources, that Triton has approached several of Eniro's creditors recently looking to take over some of the Swedish company's loans. One source said that Triton wants a 30-40% discount for the debts but some of the banks may agree on this if they are in a hurry to exit the debt situation. The paper speculated that Triton could possibly then push Eniro into bankruptcy or to conduct a new share issue and this way gain control of the company.
The item noted that Eniro has debts of SEK 2.2bn (EUR 241m) and some of its creditors include Handelsbanken, Nordea, SEB and Swedbank. The paper wrote that some of the company's creditors are concerned that Eniro may not be able to pay off all of its loans.
Source Dagens Industri