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Adevinta ASA (ADE) – Proposed Acquisition of eBay Classifieds Group: Update from the UK Competition & Markets Authority

Written by Customer Service on . Posted in Public Companies.

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SECURITIES DESCRIBED HEREIN.Oslo, 16 February 2021 – Today, Adevinta ASA (ADE) (“Adevinta” or the Company”) confirms that the UK Competition and Markets Authority (CMA) has announced that it has concerns that Adevinta’s proposed acquisition of eBay Classifieds Group from eBay Inc (“eBay”) could reduce competition in the UK, following its Phase 1 review. 
-Ends-Notes to EditorContactsMélodie Laroche
Head of Corporate Communications
+33 (0) 6 84 30 52 76
melodie.laroche@adevinta.com /press@adevinta.comMarie de Scorbiac
Head of Investor Relations
ir@adevinta.comJohn Kiely / Latika Shah / Raeesa Chowdhury-King
Edelman Smithfield
+44 (0)7785 275665 / +44 (0)7950 671 948 / +44 (0)7885 802774
adevinta@edelman.comAbout Adevinta
Adevinta is a global online classifieds specialist, operating digital marketplaces in 12 countries. The company provides technology-based services to connect buyers with sellers and to facilitate transactions, from job offers to real estate, cars, consumer goods and more. Adevinta’s portfolio includes more than 30 digital products and websites, attracting 1.3 billion average monthly visits. Leading brands include top-ranked leboncoin in France, InfoJobs and Milanuncios in Spain, and 50% of fast-growing OLX Brazil. Adevinta spun off from Schibsted ASA and publicly listed in Oslo, Norway in 2019. Adevinta is majority owned by Schibsted ASA and employs 4,700 people committed to supporting users and customers daily. Find out more at Adevinta.com.

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