Adevinta confirms acquisition proposal from Blackstone-Permira consortium (updated)

Adevinta ASA

22/09/2023 24:04

(Adds background in paragraphs 5-6)
       Sept 21 (Reuters) - EBay-backed online classifieds group
Adevinta  ADEA.OL  said on Thursday it has received a proposal
from a consortium led by Permira and Blackstone  BX.N  regarding
a potential offer to acquire the company.
    The discussions are at an early stage and there can be no
certainty as to whether a final offer will be made, Oslo-based
Adevinta said.
    Bloomberg News, which had earlier reported on the potential
acquisition, said the consortium was studying a possible deal to
take Adevinta private.
    Adevinta did not disclose financial details of the proposal.
    Norwegian media group Schibsted  SCHA.OL , a major Adevinta
shareholder, and eBay  EBAY.O  expressed their support for the
proposal and will retain part of their current stake, Adevinta
said.
    EBay in 2021 sold part of its stake in Adevinta to Permira
for $2.25 billion.
    Blackstone and Permira declined to comment.

 (Reporting by Rishabh Jaiswal in Bengaluru; Editing by Shweta
Agarwal and Shounak Dasgupta)
 ((rishabh.jaiswal@thomsonreuters.com))