Adevinta sells its Spanish business to Sweden's EQT
The deal includes the sale of brands such as job-search platform Infojobs and real estate website Fotocasa, and it could be worth more than 2 billion euros ($2.33 billion) in a sale, Reuters previously reported.
Adevinta's Spanish unit comprises six different marketplaces including a classified site for second-hand cars and motorbikes coches.net and motos.net.
Norway's Adevinta, acquired by a consortium led by Blackstone (BX.N), opens new tab and Permira, also owns German online car sale webpage mobile.de and French and Italian second-hand marketplaces Leboncoin and Subito.
In 2020, EQT bought Spanish real estate ads platform Idealista and sold it four years later, keeping a minority stake.
($1 = 0.8591 euros)
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