The Market Herald Limited completed the acquisition of Gumtree Australia and CarsGuide and Autotrader Australia from Adevinta ASA (OB:ADE) for $60.9 million.
The Market Herald Limited (ASX:TMH) completed the acquisition of Gumtree AU Pty Limited from Adevinta ASA (OB:ADE) on August 31, 2022. As of December 6, 2022, Adevinta has agreed to waive the Initial Prepayment Event and will instead require the repayment of the full AUD 60.1 million amount by 31 March 2023. As on March 1, 2023, The terms of deal revised to $60.9 million.