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Adevinta confirms acquisition proposal by consortium led by Permira and Blackstone

27 September 2023

Adevinta (ADE:OSL), a provider of online classified advert website, confirmed last week that it has received a non-binding indicative proposal from a consortium led by Permira and Blackstone regarding a potential offer for all shares of the company.

eBay and media company Schibsted, who have expressed their support for the proposal, would retain part of their current shareholding in the company.

According to the group, the discussions are at an early stage and there can be no certainty as to whether a final offer will be made, nor as to the terms of any offer.

The company said shareholders are advised to refrain from taking any action in respect of their shares in the company which may be prejudicial to their interests, and to exercise caution when dealing in the shares of the company.

Adevinta added that a further announcement will be made as and when appropriate in compliance with applicable laws and regulations.

Earlier this month, the group announced that it closed on the sale of its Jófogás web site in Hungary to Ingatlan.com. Jófogás provides classified adverts for jobs, real estate and cars. The sale was part of a move by Adevinta’s to focus on operations in Benelux, France, Germany, Italy and Spain.