The European directory and local search operator Truvo has taken major steps toward consolidating around its flagship Belgian operation. On Dec. 22, Truvo “divested” its operation in Ireland, selling it to Contact Holdings, which operates Yellow Pages companies in the Baltic States. Terms of the transaction were not disclosed.
Truvo has also dramatically curtailed its senior …

Truvo USA, the holding company that owns the European directory publisher Truvo, has filed for bankruptcy protection, with plans to hand over the company to its senior creditors. Truvo’s European-based operating companies did not file for bankruptcy protection.
Truvo operates in Belgium, Ireland and Portugal, and it recently divested its small Romanian operation. These markets are …

Truvo revealed in its first-quarter earnings report that in March it agreed to divest its Romanian operation to the German company People Holding GmbH for 1 euro, essentially giving the operation away free of debt in order to get it off its books. The deal closed this month.
In 2009, the Romanian operation (Pagini Aurii) generated …

Here’s a question: How long would directory publishers sit back and let new companies such as RedBeacon, AlikeList and others disrupt the leads economy for SMBs with search and socially driven features such as Twitter and Facebook? Or Google, with Place Pages? That’s a question that Local Matters and other Yellow Pages  vendors have obviously …