Nordic Business Report-January 26, 2007-Elanders AB divests directories printing business Elanders Tryckeri AB (C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Swedish infomedia group Elanders AB said on Friday (26 January) that it has agreed to sell its loss-making directories printing business Elanders Tryckeri AB to its managing director Leif Axelsson. The sales price including debt amounts to approximately SEK30m. Elanders Tryckeri has 190 employees and a turnover of SEK380m. The divestment of Elanders Tryckeri entails write-downs of SEK151m in 2006. Including Elanders Tryckeris expected pre-tax loss of SEK32m the group will record a pre-tax loss of SEK32m. The sale of Elanders Tryckeri means that Elanders is exiting the directories production business. "Divesting Elanders Tryckeri AB in Kungsbacka allows us to concentrate on our international expansion in other operations where we see a better potential for growth and profitability," said Patrick Holm, president and CEO of Elanders. Elanders, headquartered in Molnlycke in Sweden, is a leading global supplier of product and user information to industrial and service companies. The group has some 1,500 employees and a turnover of approximately SEK2bn. Elanders is listed on the Nordic Exchange in Stockholm. One British pound (GBP) is worth approximately 13.38 Swedish kronor (SEK). ((Comments on this story may be sent to [email protected]))