At a virtual EGM held on May 30, motions to delist Adevinta from the Oslo Stock Exchange and transform the company from a public limited liability company to a private limited liability company were unanimously approved, according to a press release from Adevinta. 

This comes after the completion of its takeover by Aurelia Bidco Norway AS — a consortium led by private equity fund Permira and investment company Blackstone and now the sole shareholder in Adevinta — earlier in the week. 

Once the company goes private, Adevinta’s board of directors will consist of chairperson Felicity Guttormsen and Trude Kvaløyseter, the directory advisor and senior fund administrator at fund administrator Permian, respectively. 

A motion to merge Adevinta’s two classes of shares into a single class of ordinary shares with equal rights was also approved.

Spun off from Norway-based Schibsted in 2019, Adevinta owns and operates marketplaces, primarily across six Western European markets — Germany, France, Italy, Spain, Belgium and the Netherlands. It also has joint ventures in several other countries, including Ireland (DistilledSCH) and Brazil (OLX-Brazil).

The company published its accounts for Q1 2024 earlier this week.

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