financetom
Business
financetom
/
Business
/
Adevinta sells its Spanish business to Sweden's EQT for $2.3 billion
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Adevinta sells its Spanish business to Sweden's EQT for $2.3 billion
Jul 21, 2025 8:21 AM

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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CeriBell Prices IPO at $17 per Share
CeriBell Prices IPO at $17 per Share
Oct 11, 2024
03:11 AM EDT, 10/11/2024 (MT Newswires) -- CeriBell (CBLL) said late Thursday it priced its initial public offering of 10.6 million common shares at $17 per share for expected gross proceeds of $180.3 million. The underwriters have been granted a 30-day option to purchase up to 1.6 million additional shares. The offering is expected to close on Oct. 15, subject...
Nippon Steel to sell Calvert JV to ArcelorMittal if U.S. Steel deal completed
Nippon Steel to sell Calvert JV to ArcelorMittal if U.S. Steel deal completed
Oct 11, 2024
TOKYO (Reuters) - Nippon Steel said on Friday it will sell its entire 50% stake in the joint venture steel plant in Calvert, Alabama, with ArcelorMittal if the top Japanese steelmaker's buyout bid for United States Steel is successful. Nippon Steel would book consolidated loss of about 230 billion yen ($1.55 billion) upon its sale of the NS Kote holding...
Sainsbury's biggest investor QIA cuts holding
Sainsbury's biggest investor QIA cuts holding
Oct 11, 2024
LONDON (Reuters) - The biggest shareholder in Sainsbury's ( JSNSF ), the Qatar Investment Authority (QIA), is selling 306 million pounds ($399 million) worth of shares in the British supermarket group. According to regulatory filings, QIA offered 109.4 million shares at a price of 280 pence, about 5% of its holding. Prior to the offer, QIA had a 14.2% stake...
Porsche's nine-month China sales plunge by third
Porsche's nine-month China sales plunge by third
Oct 11, 2024
STUTTGART (Reuters) - German sports car maker Porsche on Friday posted a 29% nine-month sales drop in China, joining peers BMW and Mercedes in reporting weaker results in the country. The slump in China, the world's biggest car market, and the ongoing model revamp weighed on the overall result, with global sales falling by 7% to 226,026 units in January-September....
Copyright 2023-2026 - www.financetom.com All Rights Reserved