Adevinta has received regulatory approval for its imminent acquisition by Aurelia Bidco Norway, comprised of the Permira and Blackstone consortium.
A press release circulated last week says the settlement of the offer is expected to pass on 29 May 2024.
Shareholders who accept a cash consideration will receive NOK 115 (USD 10.46), at a valuation of $12.8 billion. The exchange rate for Norwegian Krone has taken a 20% hit in the past 12 months. When the bid for Adevinta was made in November 2023, Aurelia's offer valued Adevinta at $15.3 billion. Six months later, $2.5 billion has been knocked off the price.
Once the acquisition goes through, Aurelia will begin the process of delisting Adevinta from the Oslo Stock Exchange.
Kleinanzeigen has introduced a map-view property search function to its real estate vertical. The feature is available on desktop and...
Read More
TX Group AG has acquired 3,426,731 registered shares of SMG Swiss Marketplace Group, increasing its stake from 31.4 to 34.9...
Read More
We have a People Roundup for you this week, starting in the United States... North America: CoStar Group appoints...
Read More
Zillow Preview listings are now live on Realtor.com, offering the same early access on the two most-visited real estate platforms...
Read More
