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

May 20, 2022 06:15 ET (10:15 GMT)

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