Global e-commerce giant EBay has completed the sale of a stake in Adevinta, the Oslo-based marketplace operator, for approximately €2.1 billion ($2.3 billion U.S.).

U.K.-based private equity firm Permira acquired close to 135 million Class A shares in Adevinta ASA from EBay International Management B.V., a wholly owned subsidiary of EBay Inc.

The deal was initially announced in mid-July, when EBay revealed it would sell a 10.2% stake in Adevinta to Permira for approximately $2.3 billion.

In a statement issued at the time of the announcement, EBay said the transaction would reduce its ownership stake in Adevinta from 44% to 34%.

“In addition, EBay has granted Permira a 30-day option to purchase approximately 10 million additional shares at the same price representing an additional $180 million in consideration. If Permira exercises the option, EBay’s ownership in Adevinta will reduce to 33%,” added the company during the summer.

The offer worked out to about $18 a share, or about 10% lower than Adevinta’s last closing price at the exchange rates then in force. The price represented a 7% discount to 10-day volume weighted average price, EBay said.

Adevinta completed the $9.2 billion cash-and-stock acquisition of EBay Classifieds Group in June.

Permira has previously invested in Poland-based e-commerce and c-to-c giant Allegro and the Netherlands-based luxury marketplace Catawiki.

“Permira has a strong track record in investing in both online marketplaces and the broader technology sector. We are confident that Permira will be able to use this expertise to support Adevinta in capturing further value for all shareholders and ultimately add to our success as the global online classifieds leader,” Rolv Erik Ryssdal, CEO of Adevinta, said in a statement in July.

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