Latest news with #classifieds
Reuters
21-07-2025
- Business
- Reuters
Adevinta sells its Spanish business to Sweden's EQT for $2.3 billion
July 21 (Reuters) - Norwegian online classifieds group Adevinta said on Monday it had sold its Spanish business to Swedish private equity firm EQT ( opens new tab to focus more on its remaining European units. The deal gave the Spanish business an enterprise value of around 2 billion euros ($2.3 billion), a source with knowledge of the matter told Reuters. Adevinta's Spanish unit comprises six marketplaces ranging from job-search platform Infojobs and real estate website Fotocasa to classified sites for second-hand cars and motorbikes and Adevinta, owned by a consortium led by Blackstone (BX.N), opens new tab and Permira, also owns German online car sale webpage and French and Italian second-hand marketplaces Leboncoin and Subito. The deal is the latest in a string of planned or completed asset sales by Adevinta. The company has agreed to sell its stake in Austria's consumer marketplace Willhaben and is mulling the listing of German online auto marketplace In 2020, EQT bought Spanish rival real estate ads platform Idealista and sold it four years later, keeping a minority stake. ($1 = 0.8579 euros)
Reuters
21-07-2025
- Business
- Reuters
Adevinta sells its Spanish business to Sweden's EQT
July 21 (Reuters) - Norwegian online classifieds group Adevinta said on Monday it had sold its Spanish business to Swedish private equity firm EQT ( opens new tab, to focus more on the rest of its European units for an undisclosed amount. 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 and Norway's Adevinta, acquired by a consortium led by Blackstone (BX.N), opens new tab and Permira, also owns German online car sale webpage 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)
