Our goal is to create a seamless end-to-end experience for both consumers and dealers. A message from the CEO. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". 2d. Tel: +44 7809 214 347Jo Christian Steigedal, VP Investor Relations in Schibsted. As a result of completion of the Schibsted Demerger: Schibsted's share capital was reduced by NOK 28,881,246.548 by reducing the nominal value of the shares to NOK 0.379. . By providing marketplaces where people buy and sell second-hand goods, we contribute to the circular economy and help people live more sustainably. Each classifieds brand has its own unique identity, provides a range of services and plays an integral role in empowering sellers, buyers, renters and job seekers to find their perfect match. Fri 16 Jul, 2021 - 12:52 PM ET Fitch Ratings - Moscow - 16 Jul 2021: Fitch Ratings has assigned Adevinta ASA a final Long-Term Issuer Default Rating of 'BB' with a Stable Outlook. These gains look to be particularly substantial for online classifieds, as real estate classifieds platforms grow in popularity and traffic. Our marketplaces are well-known and well-respected in their local communities, trusted to make transacting online simple. Founded in 2013 by the entrepreneur David Gonzlez Castro, Redarbor has become the third online employment group in the world and the first in Latin America, with the job boards Computrabajo and Bestjobs. Oslo, Oslo, Norway 1001-5000 Post-IPO Equity Public www.adevinta.com/ 2,656 Highlights Stock Symbol FRA:AD5B Acquisitions 1 Total Funding Amount 1.9B Contacts 120 Employee Profiles 17 Investors 1 Find More Contacts for Adevinta Protected Content On April 10 2019 Adevinta - Schibsted's international marketplaces - was introduced at the Norwegian stock exchange as a separate company. Adevinta ASA (ADE) - Adevinta completes acquisition of eBay - GlobeNewswire Proceeds from this reduction will be deployed in a manner consistent with eBays capital allocation tenets and targets. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. March 30, 2022 11:00 ET | Source: Adevinta ASA. En vous inscrivant la newsletter, vous consentez la rception de contenus de notre part. Company to receive $2.25 billion in cash, sale expected to close by end of year. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Adevinta has issued a total of 238,401,761 new shares divided into 107,747,388 A-shares and 130,654,373 B-shares (the "Consideration Shares"), representing approximately 35% of the issued shares in Adevinta following completion of the two demergers. This cookie is used for advertising, site analytics, and other operations. This press release contains forward-looking statements relating to, among other things, the future performance of eBay Inc. and its consolidated subsidiaries that are based on the company's current expectations, forecasts and assumptions and involve risks and uncertainties. The site was founded by David Gonzlez Castro in 2004. Adevinta announces Pricing of Senior Secured Notes and Term Loan B In addition, actual results are subject to other risks and uncertainties that relate more broadly to eBay's overall business, including those more fully described in eBay's filings with the Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the fiscal year ended December 31, 2020 and subsequent quarterly reports on Form 10-Q. Emart to Acquire eBays Businesses in Korea, Bringing a Sellers Perspective to eBays Summer Internship. Adevinta ASA - Completion of the demerger of Schibsted ASA The assets are centred around Germany, France, and Spain, Adevinta said in a statement. About AdevintaAdevinta is a global online classifieds specialist, operating digital marketplaces in 16 countries. Creating connections between people. But opting out of some of these cookies may affect your browsing experience. It's estimated to facilitate approximately 17 million trades every month, ranging from cars and furniture to electronics and clothing. Org Chart Adevinta - The Official Board The cookie is used to store the user consent for the cookies in the category "Other. We use our own and third party cookies to measure traffic on our website and for technical, personalization and analytical purposes based on browsing data. Adevinta Company Profile - Craft To subscribe, click on the button below and copy the URL into an RSS reader. For more information about the company and its global portfolio of online brands, visitwww.ebayinc.com. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Consequently, Schibsted's current share capital is NOK 119,343,994, divided by 238,687,988 shares each with a nominal value of NOK 0.50, of which 108,003,615 A-shares and 130,684,373 B-shares. Adevinta began its journey as a standalone global online classifieds specialist company in 2019, operating digital marketplaces in 11 countries. For financial inquiries, please contact our Investor Relations team. For more information, you can review our Cookie Policy. This cookie is used for advertising, site analytics, and other operations. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. Adevinta's leboncoin Group finalises the acquisition of Argus Group The acquisition enables leboncoin Group to create the most extensive offer in France's online second-hand car market. Company to receive $2.25 billion in cash, sale expected to close by end of year eBay Inc. (Nasdaq: EBAY), a global commerce leader that connects millions of buyers and sellers around the world, today announced that it has reached an agreement with Permira to sell approximately 125 million shares of its stake in Adevinta for an estimated total consideration of $2.25 billion 1 . Leading brands include top-ranked leboncoin in France, InfoJobs and Milanuncios in Spain, and 50% of fast-growing OLX in Brazil. For more information about the company and its global portfolio of online brands, visitwww.ebayinc.com. Building leading destinations for buying, selling, and exchanging products and services, it operates more than 20 consumer brands including Avito, letgo, and OLX. The company also has software HR products for talent acquisition such as the ATS SherlockHR and Shermind Partners, and HolmesHR, for talent management. In Brazil since 2010, OLX Brazil's shareholders are two of the main technology investors in the world: Adevinta ASA (50%) - listed in Norway and majority owned by Schibsted ASA - and Prosus N.V. (50%) - listed in the Netherlands and majority owned by Naspers Ltd. OLX Brazil's mission is to empower people to achieve their dreams reinventing the way they buy and sell online. Permira employs over 350 people in 15 offices across Europe, North America, and Asia. Auditors Report "We are pleased to finalize the deal between Adevinta and eBay Classifieds, where the combination of these two companies will create a leading global online classifieds business," said Jamie Iannone, Chief Executive Officer, eBay. With Grupo ZAP, OLX Brazil will be able to offer its users more than 12 million listings from more than 40,000 real estate agencies and thousands of private listers, as well as allowing its advertisers to reach a larger audience. Adevinta Annual Report 2022. Please reference the 8-K eBay filed today for further information. Adevinta ASA. It operates sections for cities and urban regions, for posting local advertisements. Grupo ZAP is the result of the merger of ZAPImveis and Viva Real in 2017. 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. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. This website uses cookies to improve your experience while you navigate through the website. This cookie is set by Windows Azure cloud, and is used for load balancing to make sure the visitor page requests are routed to the same server in any browsing session. Reports of the ad publisher's interest in eBay's business emerged last week, but at a lower valuation of around $8 billion. 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 | Leading Online Classifieds in 11 countries The cookie is used to store the user consent for the cookies in the category "Performance". To continue browsing the website you must accept or configure the cookies that will be applied to your navigation.For more information, you can review our Cookie Policy. Founded in 1995 in San Jose, California, eBay is one of the world's largest and most vibrant marketplaces for discovering great value and unique selection. Corporate Governance > Read. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! We care about gaining and keeping the trust of our users, customers and stakeholders by acting responsibly, promoting sustainability and protecting the environment. Sign up for News Alerts to receive occasional emails about eBay corporate announcements. 2021-06-25. California-based eBay will receive $2.5 billion in cash and a 44% stake in the Oslo-based group. The cookies is used to store the user consent for the cookies in the category "Necessary". Adevinta is majority owned by Schibsted ASA. Grupo ZAP has the mission to transform the way the real estate market operates through technology. We are a global classifieds specialist with market-leading positions in key European markets. Our selection of digital brands unlock the full value in every person, place and thing by creating perfect matches on the worlds most trusted marketplaces. These two new growth companies will pursue independent agendas to further increase speed, focus and ability to scale. Proceeds from this reduction will be deployed in a manner consistent with eBay's capital allocation tenets and targets. Cision Distribution 888-776-0942 Home All Companies Adevinta ASA Adevinta ASA: Locations Share View Adevinta ASA's company headquarters address along with its other key offices and locations. from 8 AM - 9 PM ET. However, Schibsted as a majority owner will support an amalgamation into only one share class in due course. We're all about matchmaking, and we take the same approach to hiring. Learn more. We already have a strong presence in the online real estate market in Europe, South Africa and other Latin American countries, and we look forward to exploring further growth opportunities in Brazil.". eBay Completes Transfer of Classifieds Business to Adevinta The Company has agreed to reduce its ownership stake in Adevinta to 33% or less over the next 18 months, as part of remedies it proposed to resolve the competition concerns raised by the Austrian regulatory authorities. Adevinta's portfolio spans more than 40 digital brands, covering one billion people and attracting approximately three billion average monthly visits. IFRS . OLX Group is the online classifieds business of Prosus, a global consumer internet group and one of the largest technology investors in the world. The sale of InfoJobs Brazil to Redarbor is part of Adevintas Growing at Scale strategy, announced in November 2021. These cookies will be stored in your browser only with your consent. Other factors that could cause or contribute to such differences include, but are not limited to: changes in political, business and economic conditions, the duration of the COVID-19 pandemic and the effects of COVID-19 on our business and operations and on the general economy, including effects on our sellers and customers, any regional or general economic downturn or crisis and any conditions that affect e-commerce growth or cross-border trade; the company's ability to realize expected growth opportunities in payments intermediation and advertising; fluctuations in foreign currency exchange rates; the company's need to successfully react to the increasing importance of mobile commerce and the increasing social aspect of commerce; an increasingly competitive environment for its business; changes to the company's capital allocation, including the timing, declaration, amount and payment of any future dividends or levels of the company's share repurchases, or management of operating cash; the company's ability to increase operating efficiency to drive margin improvements and enable reinvestments; the company's ability to manage its indebtedness, including managing exposure to interest rates and maintaining its credit ratings; the company's need to manage a large enterprise with a broad range of businesses of varying degrees of maturity and in many different geographies; the ability to successfully intermediate payments on our marketplace platform; the company's need and ability to manage regulatory, tax, data security and litigation risks; the company's ability to timely upgrade and develop its technology systems, infrastructure and customer service capabilities at reasonable cost while maintaining site stability and performance and adding new products and features; the company's ability to integrate, manage and grow businesses that have been acquired or may be acquired in the future; the possibility that eBay may not fully realize the projected benefits of the Transaction; and the reaction of customers and other persons to the Transaction. "With the acquisition of eBay Classifieds Group, Adevinta becomes the largest online classifieds company globally, with a unique portfolio of leading marketplace brands," Adevinta CEO, Rolv Erik Ryssdal, said in a statement. Oct 7, 2019. The forward-looking statements in this document speak only as of this date. It's also about making sure the role and the culture are the right match too. Adevinta is a European online classifieds leader with a Growing at Scale strategy. | Source: Such forward-looking statements reflect eBay's current expectations or beliefs concerning future events and actual events may differ materially from historical results or current expectations. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. Top Companies in France. Adevinta: Incoming CEO has to sell sites, drive revenue, and build Adevinta ASA - EverybodyWiki Bios & Wiki , . By signing up you agree to receive content from us. The forward-looking statements in this release do not include the potential impact of any acquisitions or divestitures that may be announced and/or completed after the date hereof. We also use third-party cookies that help us analyze and understand how you use this website. Sign up for notifications from Insider! Adevinta France And Zillow To Lay Off Workers - Online Marketplaces Adevinta is a global online classifieds company with generalist, real estate, cars, jobs and other internet marketplaces in 16 countries, connecting buyers seeking goods or services with a large base of sellers. For more information, visit www.olxgroup.com. Online marketplace eBay announced the sale of its classified-ads group on Tuesday to Norwegian peer Adevinta in a dealworth $9.2 billion. Oslo, 9 April 2019: Reference is made to the stock exchange announcements regarding the separation of Schibsted ASA ("Schibsted") and the establishment of Adevinta ASA ("Adevinta") as a separate listed company comprising Schibsteds classified media business outside the Nordics (the "Adevinta Business"). With trusted brands in leading market positions, Adevinta runs a resilient business model at the centre of the second-hand economy. In 2020, eBay enabled $100 billion of gross merchandise volume. In 2020, eBay enabled $100 billion of gross merchandise volume. These values will remain at the core of both Schibsted and Adevinta. It does not store any personal data. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. These cookies will be stored in your browser only with your consent. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, eBay Motors Expands Installation Services For Tire Buyers, eBay Launches Training Camp for Sports Trading Card Collectors. Adevinta's portfolio spans more than 40 digital brands, covering one billion people and attracting approximately three billion average monthly visits. In 2020, eBay enabled $100 billion of gross merchandise volume. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: the possibility that regulatory and other approvals and conditions to the Transaction are not received or satisfied on a timely basis or at all; changes in the anticipated timing for closing the Transaction; and other events that could adversely impact the completion of the Transaction, including the ongoing COVID-19 pandemic and other industry or economic conditions outside of our control. About AdevintaAdevinta is a leading online classifieds specialist, operating digital marketplaces in 15 countries. A variation of the _gat cookie set by Google Analytics and Google Tag Manager to allow website owners to track visitor behaviour and measure site performance. Adevinta employs nearly 7,000 people committed to supporting users and customers daily. Kijiji.ca ( / kididi / kee-JEE-jee; Swahili pronunciation: [kiii], village) [1] is a Canadian online classified advertising website and part of eBay Classifieds Group, which was acquired by Adevinta [ de] in 2020. Closing is expected in the second half of 2020. This website uses cookies to improve your experience while you navigate through the website. OLX Group is among the worlds fastest-growing marketplaces networks, serving more than 300 million people every month. ]. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. About PermiraPermira is a leading global investment firm focused on growth at scale. , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, eBay Motors Expands Installation Services For Tire Buyers, eBay Launches Training Camp for Sports Trading Card Collectors. We are optimistic that the breadth of talent and collective experience across the combined portfolio will offer additional value for our customers, employees and shareholders.. By clicking Sign up, you agree to receive marketing emails from Insider The transaction will boost OLX Brazils capabilities to drive innovation and develop a superior customer experience, ultimately making buying, selling and renting real estate in Brazil much safer, simpler and more efficient for all players involved, says Andries Oudshoorn, CEO of OLX Brazil. This TRANSACTION AGREEMENT (this "Agreement"), dated as of July 20, 2020, is by and between eBay Inc., a Delaware corporation ("Parent") and Adevinta ASA, a public company with limited liability organized under the laws of Norway ("Purchaser").Parent and Purchaser are referred to herein, individually, as a "Party," and, collectively, as the "Parties." Bringing the two companies together connects an even larger pool of candidates to potential employers looking to find the best talent across Latin America. The articles of association of Schibsted has been updated accordingly and are available on Schibsted's website www.schibsted.no. As part of the deal, eBay will become the Oslo-based group's largest shareholder. As described in the demerger plan and information brochure of 24 January 2019, the separation of the Adevinta Business from Schibsted is effected through two demergers: 1) the demerger of Schibsted and transfer of the remaining 35% of the Adevinta Business to Adevinta against transfer of consideration shares to the shareholders of Schibsted as further described below (the "Schibsted Demerger"); and 2) the demerger of Schibsted Multimedia AS and transfer of 65% of the Adevinta Business to Adevinta against transfer of consideration shares to Schibsted (the "SMM Demerger"). Find out more at Adevinta.com. To continue browsing the website you must accept or configure the cookies that will be applied to your navigation.For more information, you can review our Cookie Policy. In addition, actual results are subject to other risks and uncertainties that relate more broadly to eBay's overall business, including those more fully described in eBay's filings with the Securities and Exchange Commission ("SEC"), including its annual report on Form 10-K for the fiscal year ended December 31, 2020 and subsequent quarterly reports on Form 10-Q. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the company on the date hereof. Sustainability Report > Read. Adevinta spun off from Schibsted ASA and publicly listed in Oslo, Norway in 2019. Following the transaction, David Gonzlez Castro will be the main shareholder of the combined business. The Company has agreed to reduce its ownership stake in Adevinta to 33% or less over the next 18 months, as part of remedies it proposed to resolve the competition concerns raised by the Austrian regulatory authorities. Adevinta | LinkedIn Adevintas portfolio spans more than 40 digital brands, covering one billion people and attracting approximately three billion average monthly visits. About AdevintaAdevinta is a global online classifieds specialist, operating digital marketplaces in 16 countries. Rolv Erik Ryssdal, CEO of Adevinta, said: InfoJobs Brazil has seen incredible growth in recent years, developing into the leading jobs marketplace in the country. We also use third-party cookies that help us analyze and understand how you use this website. If Permira exercises the option, eBay's ownership in Adevinta will reduce to 33%. Adevinta is a European online classifieds leader with a Growing at Scale strategy. 10-K, we mean eBay Inc. and its consolidated subsidiaries. The investment will be equally financed by OLX Brazils two existing shareholders, with Adevinta financing its share through existing bank facilities. . YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. According to the IAB (Interactive Advertising Bureau) Brazil, in 2018 the industry represented an estimated investment of R$ 16.1 billion, with online classifieds forming just 10% of that. We are pleased to finalize the deal between Adevinta and eBay Classifieds, where the combination of these two companies will create a leading global online classifieds business, said Jamie Iannone, Chief Executive Officer, eBay. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. As described in the demerger plan and information brochure of 24 January 2019, the separation of the Adevinta Business from Schibsted is effected through two demergers: 1) the demerger of Schibsted and transfer of the remaining 35% of the Adevinta Business to Adevinta against transfer of consideration shares to the shareholders of Schibsted as f. The price represents an approximate 7% discount to the 10-day volume weighted average price (VWAP) of Adevinta shares as of July 12, and a 5% discount to the 30-day VWAP as of July 12. as well as other partner offers and accept our. The cookie is used to store the user consent for the cookies in the category "Analytics". Under its recent agreement with Austrian regulators, eBay committed to reduce itsownership in Adevinta to 33% to secure approval for the eBay Classifieds Group and Adevinta transaction. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. But it's not just about finding the right skills for the job. Adevinta ASA These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Stay up to date with what you want to know. A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. Our goal is to create a seamless end-to-end experience for both consumers and dealers. Used by Microsoft Advertising as a unique ID for visitors. Implied purchase price of $18.02 converted at USD/EUR conversion rate of 1.18522Based on purchase price of NOK 157, or EUR 15.20 converted at NOK/EUR conversion rate of 10.328. The forward-looking statements in this release do not include the potential impact of any acquisitions or divestitures that may be announced and/or completed after the date hereof. It will makeAdevinta the world's leading online classified group, with a market presence in 20 countries. Access more premium companies when you subscribe to Explorer, Contact the team or request a demo to find out how our data can drive your business forward, Transportation, Infrastructure and Logistics, Get exclusive access to more locations data when you unlock full profile, GlobalData Plc 2023 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. Schibsted ASA (SCHA/SCHB) - Schibsted's subsidiary Adevinta Adevinta. Adevinta / EBay Classifieds deal is confirmed: Is it a merger more than Fitch Assigns Adevinta Final 'BB' Rating; Outlook Stable Adevinta ASA (ADE) - Adevinta completes acquisition of eBay Classifieds Company to receive $2.25 billion in cash, sale expected to close by end of year, eBay Signs Agreement to Sell Part of its Adevinta Stake to Permira, https://www.prnewswire.com/news-releases/ebay-signs-agreement-to-sell-part-of-its-adevinta-stake-to-permira-301333412.html. Agriaffaires is the leading French classifieds site dedicated to the purchase and sale of new and used agricultural, wine-growing, forestry and motorcycle equipment. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Analytical cookies are used to understand how visitors interact with the website. The Consideration Shares was issued to the shareholders of Schibsted registered in Schibsted's shareholders register with the VPS as at 11 April 2019 (the "Record Date"). Read the latest news and updates from Adevinta. The cookie is used to store the user consent for the cookies in the category "Analytics". Adevinta to Acquire eBay Classifieds Group to Create the World's Adevinta is focusing its portfolio to drive growth in its five core European markets and accelerate innovation across its products and services. 1Purchase price is NOK 157, or EUR 15.20 converted at NOK/EUR conversion rate of 10.328.
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