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Adevinta announces Pricing of Senior Secured Notes and Term Loan B

Oslo, 22 October 2020 – Adevinta ASA (“Adevinta”) announced today that it has priced: an offering of approximately €1,060 million aggregate principal amount of senior secured notes (the “Notes”); and a new senior secured Term Loan B facility consisting of a €900 million EUR-denominated tranche (the “EUR TLB”) and a

Invitation to the presentation of the Q3 2020 results

Oslo, 20 October 2020 – You are cordially invited to participate in the presentation of Adevinta ASA’s Q3 2020 report on Tuesday 27 October 2020. Quarterly Earnings Release Time: 27 October 2020 at 07:00 CET Report for the third quarter 2020, presentation materials, and spreadsheet with key figures and analytical information

Adevinta announces Information Memorandum and Preliminary Results

Oslo, October 19, 2020. In conjunction with the launch of a bond issue announced today, Adevinta ASA (“Adevinta” or the “Company”) is disclosing the Information Memorandum attached hereto and is releasing preliminary results for the three months ended September 30, 2020. The Information Memorandum presents material information regarding Adevinta’s agreement

Adevinta announces Launch of Senior Secured Notes Offering

Oslo, October 19, 2020 – Adevinta ASA announced today that it has launched an offering of approximately €1,060 million aggregate principal amount of senior secured notes, consisting of notes due 2025 and 2027 (the “Senior Secured Notes”). Adevinta previously announced its plans to syndicate a new senior secured Term Loan

Adevinta announces Proposed Term Loan B Facility

Oslo, 13 October 2020 – Adevinta ASA (the “Company” or “Adevinta”) announced plans to syndicate a new senior secured Term Loan B facility consisting of a EUR-denominated tranche in an aggregate principal amount of approximately €900 million and a U.S. dollar-denominated tranche in an aggregate principal amount of approximately €425

Adevinta continues the optimization of its portfolio by divesting Avito, Tayara, and Fincaraíz

Oslo, 8 October 2020 – Adevinta ASA has signed an agreement for the sale of its online classifieds businesses Avito in Morocco, Tayara in Tunisia and Fincaraíz in Colombia to Frontier Digital Ventures (FDV). All three sites hold leading market positions in their respective geographies.    FDV specialises in developing online

Adevinta ASA (ADE) – Extraordinary General Meeting – 29 October 2020

Reference is made to the announcements by Adevinta ASA (“Adevinta” or the “Company”) on 21 July 2020 regarding the agreement to acquire eBay Classifieds Group, the global classified group of eBay Inc (“eBay”).  Certain aspects of the transaction is subject to shareholder approval in Adevinta, and an Extraordinary General Meeting

Adevinta signs agreement to acquire eBay Classifieds Group

Deal creates the world’s largest online classifieds group with an extensive footprint and leading marketplace brands Creation of a globally scaled, pure-play online classifieds leader with a diversified and complementary portfolio of assets and brands Combined entity to benefit from solid market positions across 20 countries, covering one billion people

Adevinta reports resilient performance in Q2

Stronger-than-expected recovery, especially in France Operational KPIs improving in all segments throughout Q2 Total revenues1 down 16% but performance improving month by month Strong EBITDA1 performance Strong financial position securing ability to invest organically and externally Leverage ratio at 0.6x at end of June Continued investment in product & technology

Adevinta divests Dominican Republic marketplace Corotos

Oslo, 22 June 2020 – Adevinta ASA (ADE) has signed an agreement for the sale of Corotos, its online marketplace in the Dominican Republic, to three local entrepreneurs: Alvaro De Camps, Managing Partner at Antares Equity Partners; Javier Lara, co-founder at Bonita Real Estate Group; and Sergio Dario Reyes, partner and

Second-hand trade on digital marketplaces saved 25.3 million tons of CO2e last year

Millions of people across the globe use online marketplaces to buy and sell second-hand goods every day, contributing to the circular economy and benefiting the environment. In 2019, 25.3 million tonnes of CO2e and 1.3 million tonnes of plastic were potentially saved by people who traded used items through 12*

Online marketplaces ready to rally as economies look to recover from coronavirus outbreak

Six in ten startups are well positioned to navigate the crisis  Healthtech, online learning, recruitment, food delivery  and the so-called passion economy startups are seeing significant growth  Online marketplaces have a value of US$ 814bn globally; but since late February valuations have been volatile Travel, mobility and proptech companies have