Adevinta sets up committee to review acquisition offer

Adevinta ASA

03/10/2023 19:08

HELSINKI, Oct 3 (Reuters) - Norway's Adevinta  ADEA.OL 
said on Tuesday it had set up an independent committee to review
an acquisition offer from an investor consortium led by Permira
and Blackstone.
    Adevinta's shares rose more than 20% after the bid was
announced on Sept. 22 and backed by the company's large
shareholders Ebay  EBAY.O  and Schibsted  SCHA.OL .
    The online marketplace operator added the committee consists
of five board directors who are not representatives of
Adevinta's main shareholders.
    Adevinta had chosen Citigroup, JPMorgan as financial
advisers and BAHR, Cleary Gottlieb and Skadden as legal
advisers.

 (Reporting by Essi Lehto; Editing by Richard Chang)
 ((essi.lehto@thomsonreuters.com; +358505412375;))