European Union: Closed EU Commission investigation on the acquisition of Adevinta by Permira and Blackstone

On 29 February 2024, the European Commission approved the acquisition of Adevinta ASA of Norway, an online stock trading corporation, by Permira Holdings Limited and Blackstone Inc. under the EU Merger Regulation. The transaction primarily relates to the markets of online display advertising and online classified ads. The Commission concluded that the transaction would not raise competition concerns, given the companies' limited market positions resulting from the proposed transaction. The case, examined under the simplified merger review procedure, was registered under the case number M.11385.