technology investor Prosus said on Friday it would cut ties with its Russian online marketplace Avito, and would not seek to benefit economically from its ownership of the business.
Prosus said in a statement it will “cease all involvement in its Russian operations”, with Avito continuing to operate as an independent entity run by its own board and a local management team.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dailymaverick - 🏆 3. / 84 Read more »