By Kyle Morris


Prosus NV said Friday that it has decided to sell its shareholding in Russian classifieds business Avito.

The consumer internet group said a search for an appropriate buyer is underway.

On March 25, the company said Avito would be separated from Prosus's subsidiary OLX Group.


Write to Kyle Morris at kyle.morris@dowjones.com


(END) Dow Jones Newswires

05-20-22 0615ET