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Britain's competition watchdog on Tuesday raised concerns over Adevinta's planned acquisition of U.S. e-commerce group eBay's classified ads business, sending the Norwegian company's shares down 4.3%.
* Shares drop 7% in early trade (Adds CEO, share price, background)
Adevinta ASA: Adevinta reports solid performance despite a challenging environment in Q4 1 up 4% yoy, benefiting from growing contribution from transactional revenues EBITDA margin 1 slightly decreasing yoy at 25.6% due to acceleration of investments through Q4, in line with expectations Accelerated deployment of transactional solutions Further progress towards completion of the eBay Classifieds Group acquisition Closing of Grupo Zap acquisition, start of integration phase Oslo, 11 February 2021 - Adevinta ASA (ADE) ("Adevinta" or "the Company") reported flat revenues 1 in Q4 2020 compared to...