July 21 (Reuters) - Norwegian online classifieds group
Adevinta said on Monday it had sold its Spanish business to
Swedish private equity firm EQT 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
coches.net and motos.net.
Adevinta, owned by a consortium led by Blackstone and
Permira, also owns German online car sale webpage mobile.de 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 mobile.de.
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)