Blackstone and Permira to buy Adevinta for about $13 bln (updated)

Adevinta ASA

21/11/2023 17:16

(Adds details of the deal in paragraphs 2 & 3)
       Nov 21 (Reuters) - Permira and Blackstone  BX.N  on
Tuesday said that they will acquire eBay-backed online
classifieds group Adevinta ASA  ADEA.OL  for about 141 billion
Norwegian crowns ($13.06 billion). 
    The companies have offered to pay Adevinta shareholders 115
Norwegian crowns per share.
    As part of the deal, eBay  EBAY.O  said it would sell 50% of
its shares for an estimated $2.2 billion and would exchange the
remaining shares for an equity stake of about 20% in the newly
privatized company.
        Norway's Adevinta had 
    set up
     an independent committee in October to review an
acquisition offer from an investor consortium led by Permira and
Blackstone.
  
    
    
($1 = 10.7960 Norwegian crowns)

 (Reporting by Shivani Tanna in Bengaluru
Editing by David Goodman and Marguerita Choy)
 ((ShivaniJayesh.Tanna@thomsonreuters.com;))