Eniro sells Baltic operations

Swedish telephone directory company Eniro has sold its Baltic operations for 8.7 million euros (11.0 million dollars), the company said on Monday.

The operations in Estonia and Lithuania have been sold to Interinfo Baltic OU, while the Latvian company is being acquired by a local investor, the company said in a statement released in Tallinn.

“The sales are a step in concentrating Eniro’s operations to the Nordic region and Poland,” the statement said.

Eniro is active in northern Europe and has about 4,900 employees. The company is listed on the Stockholm Stock Exchange. (AFP)