Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
Prosus
Prosus
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 or liquidated local entity(ies)
Exited Exit CompletedGlob.Revenue, mln.USD
6866
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
December 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.
| November 09, 2023 | Russia’s New Elite Emerges to Fill Void After Multinationals Flee |
| December 29, 2022 | Naspers - International sponsor of war |
| December 15, 2022 | Prosus to sell Russian classifieds business Avito to Kismet for $2.4B |
| November 14, 2022 | The owner of OLX sold the most popular ad service in Russia Source |
| September 29, 2022 | What is wrong with the exit of Prosus from the Russian market and why should the Europeans prevent the sale of Avito? |
| July 13, 2022 | Avito will come under the control of the Kremlin |
| June 29, 2022 | What is wrong with the exit of Prosus from the Russian market and why should the Europeans prevent the sale of Avito? |
| June 20, 2022 | Prosus to sell its shareholding in Avito |
| March 26, 2022 | OLX Group Ceasing Operations In Russia, Avito Will Operate As Independent Russian Company |
| March 22, 2022 | Prosus removes military job adverts on Russian online marketplace |
| September 26, 2021 | Prosus to sever ties with Avito in Russia |
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