Adevinta Slumps as Buyout Firms Said to Reconsider Pursuit (1)

Adevinta ASA shares fell the most since March 2020 after people with knowledge of the matter said a consortium led by Permira and Blackstone Inc. is reconsidering its pursuit of the European online classifieds company, threatening one of the year’s biggest potential buyouts.

The buyout firms are planning to take the transaction back to their investment committees to discuss whether they still want to continue, the people said. The market outlook has gotten much worse since news of their bid first emerged in September, lessening their appetite for such a big bet, they said.

Permira and Blackstone haven’t yet been ...