Adevinta, the Norwegian online classifieds giant, has announced the sale of its Spanish business to Sweden’s private equity firm EQT for $2.3 billion, Reuters reports. The transaction marks a significant move in Adevinta’s strategic portfolio reshaping as the company aims to focus on its core markets. EQT’s acquisition underscores growing investor interest in Europe’s digital marketplaces amid rising demand for online classified platforms. The deal is expected to enhance EQT’s footprint in Southern Europe while providing Adevinta with substantial capital to fuel future growth initiatives.
Adevinta Completes Strategic Exit from Spanish Market with Multibillion Dollar Sale
Adevinta has finalized the divestiture of its Spanish operations, marking a significant shift in its strategic focus. The deal, valued at $2.3 billion, transfers ownership to Sweden-based private equity firm EQT. This move allows Adevinta to streamline its portfolio and concentrate on key markets with…
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Author : Noah Rodriguez
Publish date : 2025-07-22 20:48:00
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