Prosus calls it quits with Russia’s Avito
Prosus has started the search for a buyer for its shares in the Russian classifieds business
20 May 2022 - 12:48
Prosus has unveiled plans to sell its Russian classifieds business Avito, following a decision to separate from the unit at the start of the Russia-Ukraine war earlier this year..
In March, Prosus’s classified unit OLX Group began an operational separation with Avito. At the time, company said it had decided “to cease all involvement in its Russian operations.” ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.