Aurelia Bidco Norway AS has successfully completed its voluntary acquisition of Adevinta ASA, enhancing its market position in Norway's online classifieds sector.
Information on the Target
Adevinta ASA, a leading online classifieds company, has become the focus of a voluntary offer initiated by Aurelia Bidco Norway AS. This offer pertains to all issued and outstanding ordinary class A shares in Adevinta. The completed offer, which concluded on May 29, 2024, signifies a pivotal moment for the company as it transitions under new ownership.
The offer was notable for its competitive consideration of NOK 115 per share, which was settled either in cash or through depository receipts representing shares in the Offeror’s indirect parent company. With the completion of this transaction, Adevinta is set to leverage the resources and strategic direction of its new parent company.
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Industry Overview in Norway
The online classifieds industry in Norway has seen substantial growth in recent years, buoyed by increasing digital engagement and a decline in traditional advertising channels. Compani
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Aurelia Bidco Norway AS
invested in
Adevinta ASA
in 2024
in a Public-to-Private (P2P) deal
Disclosed details
Transaction Size: $149M