** "The great redistribution begins in 2025," Jefferies says in a note on European online classifieds, referring to the expected break-up of Adevinta

** It expects Adevinta, which was acquired by a consortium and delisted last year, to sell assets in 2025

** Schibsted SCHA.OL, which holds 14% in Adevinta, is among Jefferies' top picks for 2025 thanks to its exposure to the break-up

** It sees a break-up equity value of EUR 19-24 billion for the consortium, at the midpoint NOK 133 per Schibsted share

** In property classifieds, Jefferies expects to see "the CoStar bandwagon build steam", with U.S.-based CoStar CSGP.O possibly considering buying some Adevinta assets as it continues to expand in Europe; it notes CoStar has not commented on a possible interest

** CoStar's momentum in the UK is negative for Rightmove RMV.L, Jefferies' least preferred stock that it downgrades to "underperform"

** Its other top picks are Hemnet HEM.ST and Auto Trader AUTOA.L, "the two highest quality structural growth stories in the sector"

(Reporting by Marta Frackowiak)

((marta.frackowiak@thomsonreuters.com))