Adevinta sells its Spanish business to Sweden's EQT
July 21 (Reuters) - Norwegian online classifieds group Adevinta said on Monday it had sold its Spanish business to Swedish private equity firm EQT EQTAB.ST, to focus more on the rest of its European units for an undisclosed amount.
The deal includes the sale of brands such as job-search platform Infojobs and real estate website Fotocasa, and it could be worth more than 2 billion euros ($2.33 billion) in a sale, Reuters previously reported.
Adevinta's Spanish unit comprises six different marketplaces including a classified site for second-hand cars and motorbikes coches.net and motos.net.
Norway's Adevinta, acquired by a consortium led by Blackstone BX.N and Permira, also owns German online car sale webpage mobile.de and French and Italian second-hand marketplaces Leboncoin and Subito.
In 2020, EQT bought Spanish real estate ads platform Idealista and sold it four years later, keeping a minority stake.
($1 = 0.8591 euros)
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