At Adevinta, we believe everything and everyone has a purpose in life. Our selection of digital brands unlock the full value in every person, place and thing by creating perfect matches on the world’s most trusted marketplaces.
With trusted brands that enjoy leading market positions, Adevinta operates a resilient business model at the centre of the second-hand economy at the time when consumers are seeking more sustainable and cost-efficient ways to buying products.
Sustainability is in our DNA, and we are recognised as a global sustainability leader by DJSI Europe. By providing marketplaces where people buy and sell second-hand goods, we contribute to the circular economy and help people live more sustainably.
At Adevinta we'll stay ahead of the curve by using innovation, curiosity and technology to develop products that help everyone and everything find new purpose.
We're all about matchmaking, and we take the same approach to hiring. But it's not just about finding the right skills for the job. It's also about making sure the role and the culture are the right match too.
We care about gaining and keeping the trust of our users, customers and stakeholders by acting responsibly, promoting sustainability and protecting the environment.
We invest in companies with tangible traction, a potential to scale beyond their domestic market, and who we can support with more than just financial resource.
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Oslo, 9 April 2019: Reference is made to the stock exchange announcement published today, on 9 April 2019, announcing the completion of the demerger (the "Demerger") of Schibsted ASA ("Schibsted") and changes in the share capital of Schibsted and Adevinta ASA ("Adevinta").
As a result of completion of the Demerger and the issuance of consideration shares by Adevinta to eligible shareholders of Schibsted, shares in Adevinta have been issued to primary insiders, which shares will constitute the primary insiders' shareholding in Adevinta following the Demerger:
EnquiriesCassandra Lord, Director of Communications, Adevinta. Tel: +44 7809 214 347Jo Christian Steigedal, VP Investor Relations in Schibsted. Tel: +47 415 08 733
About Adevinta ASA
Adevinta is a global online classifieds company with generalist, real estate, cars, jobs and other internet marketplaces in 16 countries, connecting buyers seeking goods or services with a large base of sellers. Its portfolio spans 36 digital products and websites, attracting 1.5 billion average monthly visits. Leading brands include top-ranked Leboncoin in France, InfoJobs and Milanuncios in Spain, and 50% of fast-growing OLX in Brazil.
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