Adevinta — M&A Activity 2021

Feb 24, 2021

Adevinta ASA (ADE) - Adevinta further optimises its portfolio by divesting Yapo in Chile

Adevinta ASA (ADE) - Adevinta further optimises its portfolio by divesting Yapo in Chile

Oslo, 24 February 2021 - Adevinta ASA has sold its online classifieds

business Yapo (https://www.yapo.cl/) in Chile to Frontier Digital Ventures

(https://frontierdv.com/) (FDV). The new owner previously acquired Adevinta's

assets Avito (Morocco), Tayara (Tunisia), and Fincaraíz (Colombia) in October

Rolv Erik Ryssdal, CEO Adevinta, said: "I am very proud of the work achieved by

our team in Chile, building Yapo into a solid leader with strong traffic and

growth. Yapo requires additional investment, support and resources to continue

this momentum, and I believe that FDV has the expertise and focus to help Yapo

reach its full potential. The new owners will be a good fit for Yapo and give

the team the support they need to move forward faster.

"We continue to optimise our Global Markets portfolio, allowing for stronger

focus on large markets and reduced complexity for the Group going forward."

Shaun Di Gregorio, FDV's Founder and CEO, said: "Yapo is a great strategic fit

for FDV and will complement our existing businesses across South America. We

look forward to working with the local management team to accelerate the growth

of the business and help them reach their full potential. This transaction

follows FDV's recent acquisition of Fincaraíz, Avito and Tayara in October

2020, continuing the strong working relationship developed between FDV and

Adevinta."

-End-

Notes to the Editors

About Adevinta

Adevinta is a global online classifieds specialist, operating digital

marketplaces in 11 countries. 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's portfolio spans more than

30 digital products and websites, attracting 1.3 billion average monthly visits.

Leading brands include top-ranked leboncoin in France, InfoJobs and Milanuncios

in Spain, and 50% of fast-growing OLX Brazil. Adevinta spun off from Schibsted

ASA and publicly listed in Oslo, Norway in 2019. Adevinta is majority owned by

Schibsted ASA and employs 4,700 people committed to supporting users and

customers daily. Find out more at Adevinta.com (https://www.adevinta.com/).

About Yapo

Launched by Schibsted in 2011, today Yapo is Chile's favourite brand for online

buying and selling. Almost half of Chile's population use Yapo to sell or buy

something every month, and Yapo are the Chilean leaders in real estate and co-

leaders in motors.(1

)

About Frontier Digital Ventures

FDV specialises in operating online classifieds businesses in emerging markets,

with a focus on property and automotive verticals and general classifieds

websites. This acquisition takes FDV's portfolio to 16 operating companies

across 21 markets in Developing Asia, Latin America and MENA. FDV has a proven

track record of building and supporting market leading online marketplace

businesses. Find out more at frontierdv.com (https://frontierdv.com/).

Media contacts

Mélodie Laroche

Head of Corporate Communications

T: +33 (0) 6 84 30 52 76

melodie.laroche@adevinta.com (mailto:melodie.laroche@adevinta.com)

(mailto:melodie.laroche@adevinta.com)

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(1)  Source: SimilarWeb,  which ranks websites based on metrics including site

visits and average visit duration during  January 2021