![]() ![]() In January 2019, Naspers took full control of Avito after it spent $1.16 billion to buy 29.1% of company.įollowing the outbreak of the war in Ukraine, in March, Prosus also announced it was writing down a $700 million (R10.7 billion) stake in Russia’s biggest internet firm VK Group. In 2013, Avito merged with its Russians competitors and OLX.ru, to become the Russian market leader for classified ads, and was later purchased by Naspers for $1.2 billion. The company was founded in 2007 in Moscow. It is one of the most popular classifieds sites in Russia. We have started the search for an appropriate buyer for our shares in Avito.”Īvito is a Russian classified advertisements website with sections devoted to general goods for sale, jobs, real estate, personals, cars for sale and services. “Following completion of this operational separation, Prosus has now decided to exit the Russian business. In a statement, Prosus says: “On 25 March 2022, we announced the separation of the Russian classifieds business Avito from our OLX Group. The decision follows Russia’s invasion of its neighbour Ukraine in February. Naspers unit Prosus is looking to sell its shareholding in Russian classifieds business Avito. ![]()
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