EBay-Backed Adevinta Jumps After Getting Private Equity Approach
- Classifieds firm receives proposal from Permira, Blackstone
- Potential deal would rank as one of year’s biggest buyouts
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European classifieds company Adevinta ASA jumped the most in three years after saying it’s received a private equity takeover proposal that would rank as one of the year’s biggest buyouts.
Shares of Adevinta gained 24% to 106.20 kroner as of 10:35 a.m. Friday in Oslo, giving the company a market value of about $12.1 billion and marking the biggest daily gain since July 2020. Adevinta’s euro bond due November 2027 was poised for its biggest rise on record, according to Bloomberg-compiled prices.