Brief: Schibsted Says It Supports The Voluntary Offer For Adevinta, Reducing Its Stake In Adevinta By 60%

Adevinta ASA

21/11/2023 16:47

Nov 21 (Reuters) - Schibsted Asa  SCHA.OL :
    * (SCHA/SCHB) - SCHIBSTED SUPPORTS THE VOLUNTARY OFFER FOR
ADEVINTA, REDUCING ITS STAKE IN ADEVINTA BY 60%
    * SAYS SCHIBSTED WILL SELL 60% OF ITS 28.1% STAKE IN
ADEVINTA FOR
APPROXIMATELY NOK 24 BILLION IN CASH
    * WILL SELL 60% OF ITS 28.1% STAKE IN ADEVINTA FOR
APPROXIMATELY
NOK 24 BILLION IN CASH
    * WILL CONTRIBUTE REMAINING ADEVINTA SHARES INTO  INDIRECT
PARENT
CO OF OFFEROR, RESULTING IN ABOUT 13.6% INDIRECT OWNERSHIP IN
OFFEROR

Source text for Eikon:  ID:nObiXg10ba 
Further company coverage:  SCHA.OL 

 ((Reuters.Briefs@thomsonreuters.com;))