Schibsted completed the acquisition of a 67% stake in Nettbil.

Schibsted, a family of digital consumer brands, completed the acquisition of a 67% stake in Nettbil, a digital marketplace for auction-based car sales to dealers all over Norway, from Aller Media, a magazine publisher, and Tjuvholmen Ventures, a Scandinavian venture capital firm. Financial terms were not disclosed. “Schibsted is devoted to investing in new concepts where we see growth potential, not least in our Nordic home market. Nettbil offers a unique concept that allows consumers to sell their used car in a new, fast and convenient way,” says Christian Printzell Halvorsen, Schibsted Executive Vice President and Head of Nordic Marketplaces.