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Kismet Capital Group Holding acquires 100% of Avito from Naspers for $2.4 bln — company

Avito is the most visited classifieds platform globally

MOSCOW, October 14. /TASS/. Russia’s Kismet Capital Group will become 100% owner of Avito classifieds platform from South African Naspers for a purchase price of 151 bln rubles ($2.4 bln), the Avito’s press service said on Friday.

"The investment company Kismet Capital Group announces the conclusion of an agreement to acquire a 100% stake in the largest online classifieds platform Avito from the South African holding Naspers. The transaction price will be about 151 bln rubles," the press service said.

The deal is scheduled to close in October, Naspers said on their website.

Avito is the most visited classifieds platform globally. The number of active ads on the platform stands at 122 mln and the annual audience is over 90 mln users.