Blackstone, Permira Explore Bid for eBay-Backed Adevinta (2)

Sept. 21, 2023, 10:34 PM UTC

European classifieds company Adevinta ASA said it has received a takeover proposal from a private equity consortium that includes Blackstone Inc.and Permira for what would be one of the year’s biggest buyouts.

Adevinta said in statement Thursday confirming an earlier Bloomberg News report that it had “received a non-binding indicative proposal” from the group regarding a potential offer for all shares of the company.

Oslo-based Adevinta also said its largest shareholders, eBay Inc. and Norwegian media group Schibsted ASA, had expressed their support for the proposal and would retain part of their current stakes. It added that the ...

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