The Dutch Internet holding company Prosus is separating from its Russian classifieds website Avito in the course of the Ukraine war.
The business will be sold to companies owned by the Russian businessman Ivan Tavrin for the equivalent of 2.4 billion US dollars (almost 2.5 billion euros), the company announced on Friday in Amsterdam. Avito was valued at around $1.38 billion at the end of March. Prosus put the deal on hold after Russia’s attack on Ukraine in the spring. (dpa)
