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Vend Marketplaces ASA ( (GB:0R9I) ) has provided an announcement.
Vend Marketplaces ASA will receive EUR 282 million, about NOK 3.2 billion, from a capital distribution by Adevinta after the latter completed the sale of its Spanish operations to EQT. The payout reflects the value of Vend’s 14% stake in Adevinta and highlights the continued monetisation of non-core assets within the broader marketplace ecosystem.
In accordance with its capital allocation policy, Vend plans to return the entire amount to shareholders and is evaluating structures with a clear emphasis on share buybacks. The move signals a disciplined approach to balance sheet management and is likely to bolster shareholder returns while reinforcing Vend’s market credibility as a capital-efficient, shareholder-focused marketplace group.
The most recent analyst rating on (GB:0R9I) stock is a Sell with a NOK258.00 price target. To see the full list of analyst forecasts on Vend Marketplaces ASA stock, see the GB:0R9I Stock Forecast page.
More about Vend Marketplaces ASA
Vend Marketplaces ASA is a Nordic-focused operator of digital marketplaces across mobility, real estate, jobs and recommerce, offering online platforms designed to deliver effortless user experiences. The company positions itself as a long-term value creator with an emphasis on sustainable growth for stakeholders and society, and also holds a 14% ownership stake in Adevinta, a classifieds group spun off in 2019 and now privately owned.
Average Trading Volume: 660,370
Current Market Cap: NOK49.52B
Learn more about 0R9I stock on TipRanks’ Stock Analysis page.