Oslo and Paris, 6 November 2020 – Adevinta ASA (ADE) (“Adevinta” or the Company”) has appointed Alexandre Collinet as Integration Director to oversee Adevinta’s integration with eBay Classifieds Group (“eCG”), following the announcement on 21 July 2020 to acquire eCG. In his new role, Alexandre will continue to be based
Oslo, 5 November 2020 – Further to its announcement on 22 October 2020 regarding pricing of its Notes and Term Loan B (as defined below), Adevinta ASA (“Adevinta”) announced today that it has issued (i) €660 million aggregate principal amount of 2.625% senior secured notes due 2025 and (ii) €400
The transaction supports OLX’s mission to reinvent the Brazilian consumer model and positions OLX Brazil as a key player in the real estate market Amsterdam, Oslo and Sao Paulo, 30 October 2020 – OLX Brazil, the 50/50 joint venture between Adevinta ASA (OSE: ADE) and Prosus NV (AMS: PRX), announces
Oslo, 28 October 2020 – Adevinta Ventures, the investment arm of Adevinta, is investing in Bipi, Spain’s fast-growing car-as-a-service startup headquartered in Madrid, Spain, in a €10.5 million Series B funding round, alongside Toyota AI Ventures, Atresmedia, and existing investors Maniv Mobility, IDC Ventures and TA Ventures. This is Adevinta
Agreement to acquire eBay Classifieds Group Improving trends confirmed EBITDA margin exceptionally high, driven by cost saving initiatives, delayed expenses and positive one-offs Significant strategic developments in the current portfolio Strengthened financial position Oslo, 27 October 2020 – Adevinta ASA (ADE) (“Adevinta” or “the Company”) completed its third quarter
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
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
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
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
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
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
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
