Large owner: Banks did not see the issue of Eniro – Swedish newspaper Svenska Dagbladet

Large owner: Banks did not see the issue of Eniro – Swedish newspaper Svenska Dagbladet

It says Eniro’s major shareholder and director Staffan Persson as Direkt.

“There are two clear-cut winner in today’s solution. It is the banks and preffägarna. Ordinary shareholders are the losers. This solution, which also contributes to I have a bad feeling in my stomach, could we have done back in October along with the ABG. But when banks were not prepared to do that, “he says.

Eniro share cost just over 10 crowns in early October, a course which is then halved.

Why did not the banks in October?

“It makes you question them,” answers Staffan Persson.

What do you think?

“I can say this. You learn a lot about which banks you should have in your hand when the wind blows and which to avoid.”

Eniro consortium consisted by the end of 2010 by seven banks: Danske Bank, DnB, Handelsbanken, Nordea, Royal Bank of Scotland, SEB and Swedbank. The loans were negotiated later on and in the state jumped a bank of, unknown what.

Eniro’s new financing solution consists of a share issue of almost 460 million and a convertible sales of approximately the same amount. In addition, banks made more lenient repayment schedule for the company (while they charge a higher interest rate).

Staffan Persson, with 7.6 percent of the shares in Eniro has undertaken to subscribe for its pro rata share of the share issue, a promise he receives a remuneration of SEK 1.7 million for. Danske Bank, which owns 10 percent receive the same compensation for their subscription commitment.

“I first did not want to leave a subscription commitment, I had no desire to pay 100 for something that someone else is paying 95 for,” says Staffan Persson not participated in the work on financing solution to a conflict of interest.

He also points out that Eniro paid $ 100 million in various fees “right and left”. Banks should, according to Staffan Persson, have 30 million to upload the new loans, advisors must have its and external guarantors rest.

“To pay 100 million dollars to bring in 950 million crowns is very , very much, “concludes Staffan Persson who say they have a full understanding of other ordinary shareholders think it’s unfair that he gets some kind of discount on their new shares.

” Why should banks have just 30 million in renewal fee or guarantee fee to be just 47 million? I have no idea if the company has negotiated fees down to the bottom, “says Staffan Persson.

Staffan Persson, once the founder of Neonet and former major shareholder in Unibet, became a major shareholder in Eniro at the end of 2011. How much money he has invested a total of search and advertising company he does not want to provide. Staffan Persson refrains also to answer the question if he repents investment.