Vend Marketplaces ASA — M&A Activity 2026

Mar 10, 2026

Vend Marketplaces ASA: Divestment of Lendo Group completed

Vend Marketplaces ASA: Divestment of Lendo Group completed

10.3.2026 15:24:30 CET | Vend Marketplaces ASA | Non-regulatory press releases

Today, Vend Marketplaces ASA ("Vend" or the "Company") announces the successful

completion of the sale of the financial services marketplace, Lendo Group

("Lendo"), to Clar Global AB. The transaction was initially announced on 19

September 2025.

The completion of this transaction marks a milestone in Vend's strategic

simplification agenda. It reinforces the Company's commitment to transforming

into a pure-play marketplace company focused entirely on its four core Nordic

verticals: Mobility, Real Estate, Jobs, and Recommerce. This closing builds on a

track record of disciplined execution, following the recent divestments of

Prisjakt in Q2 2025 and the skilled trades marketplace portfolio ("Mittanbud")

in January 2026.

"The successful closing of the Lendo transaction is another proof point in our

ongoing simplification journey. Combined with the recent exits of Prisjakt,

Mittanbud and a significant part of our venture portfolio, we have rapidly

streamlined our portfolio to focus Vend's resources entirely on accelerating

growth within our core Nordic verticals," says Christian Printzell Halvorsen,

CEO of Vend.

Through the recent divestments of Mittanbud and Lendo, Vend has generated

combined cash proceeds of approximately NOK 1.3 billion. Following the

announcement on 27 February 2026 regarding the expected capital distribution of

EUR 282 million (approximately NOK 3.2 billion) from the sale of Adevinta Spain,

Vend has in total received cash proceeds of approximately NOK 4.5 billion from

these exits in Q1 2026.

In line with our capital allocation policy, Vend intends to return these

combined proceeds to its shareholders.

"We are currently executing on a NOK 2 billion share buyback programme, having

repurchased approximately NOK 1.5 billion to date. Our primary focus remains on

share buybacks to distribute surplus capital, and an update on the specific

structure and timing will be provided in due course," says Per Christian

Mørland, CFO of Vend.

Oslo, 10 March 2026

Vend Marketplaces ASA

CONTACTS

* Jann-Boje Meinecke, SVP FP&A and Investor Relations, Vend Marketplaces ASA,

+47 941 00 835, ir@vend.com

* Nathalie Kåvin, Head of Corporate Communication, Vend Marketplaces ASA, +47

93401363, nathalie.kavin@vend.com

ABOUT VEND MARKETPLACES ASA

Vend Marketplaces ASA ("Vend") is a family of marketplaces with a strong Nordic

position. As a leading marketplaces company within Mobility, Real Estate, Jobs

and Recommerce, we provide effortless digital experiences designed for the needs

of tomorrow. We do it with a clear sense of purpose, to create sustainable value

and long-term growth, for all our stakeholders and society as a whole.

Vend has an ownership share of 14% in Adevinta, a company that was spun off in

2019 and is now privately owned by a group of investors.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847482/18829699/6883/Download%20announce

ment%20as%20PDF.pdf