
Vend Marketplaces ASA: Divestment of Adevinta Spain completed; expected capital distribution of EUR 282 million

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Vend Marketplaces ASA has completed the divestment of its 14% stake in Adevinta Spain to EQT, resulting in an expected capital distribution of EUR 282 million. Vend plans to return this capital to its shareholders, primarily through share buybacks, in line with its capital allocation policy. CFO Per Christian Mørland emphasized the value creation at Adevinta and Vend's disciplined approach to capital allocation. Further details on the return structure and timing will be provided soon.
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