Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

Prosus N.V., or Prosus, is a global investment group that is investing and operating across sectors and markets with long-term growth potential. It is among the largest technology investors in the world.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed
Glob.Revenue, mln.USD
6008

Prosus to sell Russian classifieds business Avito to Kismet for $2.4B. KEKH EKOMMERTS LLC was sold to Russian investors on October 25, 2022.

The Company Statement
November 10, 2022

In process of divesting from local subsidiary. Anounced plans to sell its shareholding in Avito with a significant discount. The publicized letter of the auditing company "B1" (the Russian division of Ernst & Young) confirmed that Prosus is indeed negotiating with VKontakte, and that Sberbank will finance the deal. Prosus to sell Russian classifieds business Avito to Kismet for $2.4B.

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Statements Archive
December 29, 2022Naspers - International sponsor of war
November 15, 2022Prosus to sell Russian classifieds business Avito to Kismet for $2.4B
October 14, 2022The owner of OLX sold the most popular ad service in Russia Source
September 29, 2022What is wrong with the exit of Prosus from the Russian market and why should the Europeans prevent the sale of Avito?
July 13, 2022Avito will come under the control of the Kremlin
June 29, 2022What is wrong with the exit of Prosus from the Russian market and why should the Europeans prevent the sale of Avito?
June 20, 2022Prosus to sell its shareholding in Avito
March 26, 2022OLX Group Ceasing Operations In Russia, Avito Will Operate As Independent Russian Company
March 22, 2022Prosus removes military job adverts on Russian online marketplace
September 26, 2021Prosus to sever ties with Avito in Russia
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