When the AIM Group analyzed the EBay Classifieds Group (ECG) / Adevinta merger deal last year, we proposed that Europe was the primary focus for Adevinta and that the Oslo-listed company will eventually look to sell off its acquired ECG brands elsewhere. That is indeed proving to the be the case, with Adevinta announcing today in its Q3 earnings report that the company will begin to divest non-European holdings, particularly its horizontal Gumtree sites in Australia (including auto verticals CarsGuide.com.au and AutoTrader.com.au) and South Africa. 

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