Adevinta Takeover to Complete by June 2024

April 29, 2024
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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.

April 29, 2024
Harvey is an experienced property journalist and copywriter. He has written about the property industry since 2015, starting at The Property Franchise Group in the UK, before moving to Spain to work for Spotahome. He has blogged for the private rented sector, ghostwritten for UK property experts and written case studies for franchise owners around the UK. Harvey joined Online Marketplaces as a News Editor in 2022.

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