Schibsted, Telenor and Telia to sell their 76 percent stake in Scandinavia Online AB to Eniro AB

The decision to sell the shares Scandinavia Online AB follows the announcements made by the same parties on November 2, where the three owners informed that they had entered into a letter of intent regarding a joint process to sell their shares.

Completion of the sale, which is conditional to Eniro AB reaching acceptance for over 90 percent of the shares in Scandinavia Online AB, is expected before the end of the year. For further details regarding the public offer by Eniro AB, we refer to the prospectus issued by Eniro AB in conjunction with the offer made to the remaining shareholders of Scandinavia Online AB.

Telenor's share of the sale will amount to SEK 88 million for its 16,8 per cent stake. Telenor expects a net pre-tax gain of approximately NOK 20 million on completion of the sale. The sale will have no effect on Telenor's other activities.