On Tuesday (June 4), the Oslo Stock Exchange announced that it would delist the A-shares of Adevinta ASA from trading at the end of that day, MarketScreener reports. 

In a statement, the bourse said that “The A-shares in Adevinta ASA will be delisted from the Oslo Stock Exchange as of June 5, 2024. The last day of trading will be June 4, 2024.” 

Last week, motions to delist Adevinta and transform it from a public limited liability company to a private limited liability company were unanimously approved at an EGM. 

This completes a process that began last September when a consortium led by private equity firm Permira and investment company Blackrock launched a takeover bid for Adevinta. 

The final deal valued the Norway-based marketplaces operator at NOK141 billion ($13.3 billion U.S.).

Two major Adevinta investors have cashed out parts of their stakes in the company — U.S.-based ecommerce giant EBay and Norway-based marketplace operator Schibsted.

Schibsted sold 60% of its 28.1% stake in Adevinta for approximately NOK24 billion in cash and will contribute its remaining Adevinta shares into an indirect parent company of the offeror, resulting in an approximate 13.6% indirect ownership in the new company.

EBay sold its remaining shares in Adevinta for $2.2 billion in cash and 20% equity.

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 last week. 

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