Naspers invests $1.16 billion in Avito

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Naspers invests $1.16 billion in Avito

Naspers’ classifieds business OLX Group has invested $1.16 billion to acquire a further 29.1% stake in Avito, the leading online general classifieds and property platform in Russia.

OLX Group’s stake increases from 70.4% to 99.6% on a fully diluted basis
 
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