Blackstone and Permira to buy Adevinta for about $13 billion

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FILE PHOTO: FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City

(Reuters) – Permira and Blackstone on Tuesday said that they will acquire eBay-backed online classifieds group Adevinta ASA for about 141 billion Norwegian crowns ($13.06 billion).

The companies have offered to pay Adevinta shareholders 115 Norwegian crowns per share.

As part of the deal, eBay said it would sell 50% of its shares for an estimated $2.2 billion and would exchange the remaining shares for an equity stake of about 20% in the newly privatized company.

Norway’s Adevinta had set up an independent committee in October to review an acquisition offer from an investor consortium led by Permira and Blackstone.

($1 = 10.7960 Norwegian crowns)

(Reporting by Shivani Tanna in Bengaluru; Editing by David Goodman and Marguerita Choy)

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