Prosus to sell Russian classifieds business Avito to Kismet for $2.4B

FILE PHOTO: Prosus' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

AMSTERDAM (Reuters) -Prosus, the Dutch-based technology investor, said on Friday it has agreed to sell its Russian online marketplace Avito for 151 billion roubles ($2.46 billion), to Kismet Capital Group.

Avito had been one of Prosus's most valuable investments, with an estimated valuation of about $6 billion before Russia's invasion of Ukraine in February led the company to cut ties and seek a sale of the property.