Adevinta — M&A Activity 2023

Sep 14, 2023

Adevinta ASA (ADE) - Adevinta sells Hungarian classifieds businesses to Ingatlan.com

Adevinta ASA (ADE) - Adevinta sells Hungarian classifieds businesses to Ingatlan.com

Oslo, 14 September 2023 - Adevinta ASA (ADE) announces today the closure of the

sale of its Hungarian online classifieds businesses Jófogás, Használtautó.hu and

Autónavigátor to Ingatlan.com, the leading real estate classifieds platform in

Hungary. This sale is part of Adevinta's strategy to focus on driving growth in

its five European markets: Benelux, France, Germany, Italy and Spain. On 23

February 2023, Adevinta announced the launch of the sale process for Hungary,

which was the last remaining business under strategic review.

Adevinta's Hungarian portfolio includes:

Jo?foga?s - One of the leading online classifieds sites in Hungary, providing

creative services like door-to-door delivery and parcel automats.

Használtautó.hu - Hungary's leading vehicle advertising site featuring a wide

range of categories including machinery, motorcycles, buses and even ships.

Autónavigátor - The content site of Használtautó, which posts car reviews and

news on a daily basis, as well as covering the used car market for private

buyers.

The impact of the sale of the Hungarian business on Adevinta's financials is

considered immaterial.

"We are pleased to have found the right local buyer in Ingatlan.com, who are

extremely experienced in Hungary and well positioned to create strong growth

opportunities for their online classifieds business over the long term,"

commented Antoine Jouteau, CEO Adevinta. "The completion of the divestiture of

our Hungarian marketplaces is another important milestone in the optimisation of

our portfolio and the execution of our Growing at Scale strategy, as we continue

to focus on our five European markets.

"We would like to thank everyone at Jófogás, Használtautó.hu and Autónavigátor

for their contributions to the business over the years, as they are now

transferring to Ingatlan.com. Adevinta will continue to support the Hungarian

business and its employees during the transition, ensuring business continuity

for users and customers. We congratulate Ingatlan.com on the acquisition and

wish them continued success."

József Keleti, CEO of Ingatlan.com, said: "The transaction is a huge leap

forward. We are excited to integrate the talented teams of Jófogás,

Használtautó.hu and Autónavigátor with Ingatlan.com and work together on our

strategic goals. Our users will benefit from the limitless potential of managing

their two biggest wealth assets, properties and cars, in one place. This is a

unique synergy opportunity in the European market. We are grateful for the

extraordinary support provided by Adevinta throughout the transaction process."

-end-

Media contacts

Vaishali Lakhanpal

Corporate Communications

T: +31 (0) 638 43 19 34

vaishali.lakhanpal@adevinta.com

Edelman Smithfield

Latika Shah

T: +44 (0)7950 671 948

adevinta@edelman.com

About Adevinta

Adevinta is a leading 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 real estate to

motors, and consumer goods.

Adevinta's portfolio spans more than 25 digital brands, covering one billion

people and attracting approximately 2.5 billion average monthly visits. Noted

assets include top-ranked leboncoin in France, Germany's leading classifieds

sites mobile.de and Kleinanzeigen, Marktplaats in the Netherlands, Fotocasa,

Habitaclia and InfoJobs in Spain, Subito in Italy, and 50% of fast-growing OLX

Brasil. Adevinta employs around 5,700 people, including some 3,000 working in

product and technology teams, committed to supporting users and customers daily.

Adevinta is a sustainability leader within the Dow Jones Sustainability Index

(DJSI) Europe. Find out more at Adevinta.com.

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This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act