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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

Second-hand trade on digital marketplaces saved 25.3 million tons of CO2e last year, according to the Second Hand Effect report

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

Adevinta Ventures invests in MEDWING’s €28 million Series B funding round

Adevinta Ventures invests in MEDWING’s €28 million Series B funding round  Oslo, 26 May 2020 – Adevinta, through its Adevinta Ventures team, is investing for a second time in MEDWING, one of Europe’s leading healthtech companies, in a €28 million Series B funding round, led by Cathay Innovation, with participation

Adevinta celebrates Sales, Culture and Innovation Award winners

Adevinta Awards

Adevinta unveiled the winners of this year’s Adevinta Awards for Sales, Culture and Innovation at a live steamed company meeting this week. The senior management team announced and congratulated the winners of 15 Adevinta Awards recognising employees for outstanding sales performance, successful innovation, and contributions to our shared company culture.

Adevinta announces its first quarter 2020 results

Total revenues1 up 8% to €188 million Online classifieds revenue grew 13% Display advertising revenues decreased 5% EBITDA1 margin down 5.9pts yoy Traffic impacted in the first weeks of lockdown but already shows good recovery Strong liquidity position to continue to invest for the LT

Adevinta’s marketplaces continue supporting local communities with solidarity initiatives 

Oslo, 29 April 2020: Adevinta is a global online classifieds specialist, operating digital marketplaces in 16 countries. The company provides technology-based services to connect buyers with sellers and facilitate transactions, from job offers to real estate, cars, consumer goods and more.  In response to the coronavirus crisis, our marketplace brands

Adevinta’s family of brands support local communities during coronavirus crisis

social distancing

Oslo, 9 April 2020: Adevinta is a global online classifieds specialist, operating digital marketplaces in 16 countries. The company provides technology-based services to connect buyers with sellers and facilitate transactions, from job offers to real estate, cars, consumer goods and more.  As a result of the coronavirus crisis, Adevinta’s employees

Adevinta ASA (ADE) – Annual report 2019 published

Oslo, 3 April 2020 Adevinta ASA’s annual report for 2019 is published, and follows enclosed here. The Adevinta Annual Report 2019 is available on www.adevinta.com/ir and a printed copy can also be obtained free of charge upon written request to the following email address: press@adevinta.com.

Annual accounts 2019 approved, AGM notice and update in relation to COVID-19

adevinta with glasses

Oslo, 29 March 2020: The Board of Adevinta ASA today approved the annual accounts for 2019. There are no changes compared to the preliminary annual accounts published on 12 February 2020. The Annual General Meeting of Adevinta will be held on Tuesday 5 May 2020 at 11:00 CEST at Schibsted ASA’s

OLX Brazil to acquire Grupo ZAP

olx brazil

OLX Brazil to acquire Grupo ZAP and strengthen its position in the real estate segment in the country The deal values Grupo ZAP at approximately R$ 2.9 billion The partnership promises an improved user experience and service offering  The transaction is subject to approval by Brazil’s Antitrust Agency (CADE)  Amsterdam,

Adevinta refinances its bank facility to €600 million multicurrency Term Loan & Revolving Credit Facilities

Oslo, 27 February 2020: Adevinta ASA announces the refinancing of its existing €300 million bank facility with €600 million multi-currency Term Loan and Revolving Credit Facilities, which took effect on 25 February 2020. The Facilities include an accordion increase option, which provides flexibility for the parties to agree an increased