Adevinta CEO Considers Debt, Equity to Pay for Acquisitions

OSLO, March 25 (Reuters) – Classifieds group Adevinta, which is set to list on the Oslo Stock Exchange on April 10, may take on more debt and issue new shares to fund acquisitions and continue its rapid expansion, Chief Executive Rolv Erik Ryssdal told Reuters.

Adevinta, a spin-off from media company Schibsted, expects its “largely organic” growth rate to be 15-20 percent per year over the medium to long term, with any larger deals being “add-on,” he said.

“We have a toolkit that allows us to actively participate in industry transactions,” Ryssdal said in a telephone interview.

“We have the ability to take on more debt… and we will have equity that can be used in transactions,” he added.

Adevinta’s brands include French Leboncoin, Brazilian OLX and British Shpock. (Information: Terje Solsvik, editing: Gwladys Fouche)