Blackstone, Permira's Adevinta Said to Near Willhaben Stake Sale [Yahoo! Finance]
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Source: Yahoo! Finance
in Austrian digital marketplace Willhaben, according to people familiar with the matter. Most Read from Bloomberg Cuts to Section 8 Housing Assistance Loom Amid HUD Uncertainty Remembering the Landscape Architect Who Embraced the City NYC Office Buildings See Resurgence as Investors Pile Into Bonds Hong Kong Joins Global Stadium Race With New $4 Billion Sports Park NJ Transit to Deploy Customer-Service Teams After Record Delays Adevinta is finalizing the terms of a sale of its holding to joint venture partner Styria Media Group and European growth investor Sprints, the people said. A transaction is set to value the business at about €500 million ($519 million) and could be announced as soon as Monday, said the people, who asked not to be identified as the information is private. Blackstone and Permira agreed to buy Adevinta in 2023 and it was delisted from the Oslo stock exchange in June last year. Founded in 2006, Willhaben is a joint venture between Adevinta and Styr
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