Adevinta Explores Sale of Spanish Business for Over 200 Million Euros

Adevinta, a prominent online classified advertising group, is reportedly exploring the sale of its Spanish business. The company's private equity owners are seeking to split the company to focus on its three major markets and enhance returns. The potential sale includes well-known brands such as the job platform Infojobs and the real estate website Fotocasa. The sale price is estimated to exceed 200 million euros, with the Spanish business generating an EBITDA of approximately 130 million euros.

This move comes as online classified advertising has attracted significant investor interest. Last year, the private equity firm Cinven acquired the Spanish online real estate classified advertising platform Idealista. Additionally, the UK property portal Rightmove rejected an acquisition proposal from the Australian property listings company REA Group, valued at over 800 million euros.

Potential buyers for Adevinta's Spanish business could include financial investors and other companies interested in the online classified advertising sector. These buyers may seek to acquire part or all of Adevinta's assets in Spain. Adevinta has been focusing on its largest markets—Germany, France, and the Benelux economic union—since its acquisition. The company operates six different market platforms in Spain, including the leading used car classified advertising website coches.net.

This strategic shift aligns with Adevinta's broader plan to streamline its operations and concentrate on its core markets. The company has already agreed to sell its stake in the leading digital consumer market platform willhaben in Austria and is considering an IPO for its German online car market Mobile.de by 2026. These moves indicate Adevinta's commitment to optimizing its portfolio and maximizing shareholder value.