Business Maverick: Prosus Expects $769 Million Writedown on Its Stake in Russia’s VK

The Dutch e-commerce giant owns a 27% stake in VK, one of myriad internet-related assets around the world. Its main other Russian interest is Avito, a classified ads site. Prosus will continue to own and run Avito, CEO Bob Van Dijk told investors Monday, and will support the firm’s Russian staff.

VK CEO Vladimir Kiriyenko was among individuals sanctioned by the U.S. Treasury in the wake of Russia’s invasion of Ukraine. He is the son of Sergei Kiriyenko, the first deputy chief of staff of the office of President Vladimir Putin. Avito isn’t the subject of sanctions, Van Dijk said. Prosus’s update comes as other international firms move to distance themselves from Russia, which has been hit by a wave of sanctions related to the Ukraine war. Oil majors Exxon Mobile Corp., BP Plc and Shell Plc have initiated plans to sever connections with Russian partners, and Apple Inc. and Nike Inc. both said they would halt product sales in the country.

In Ukraine, Prosus is helping employees relocate, either across borders or into the west of the country. The war should have a manageable impact of Prosus’s finances, Van Dijk said.

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Business Maverick: PwC, KPMG Announce Departure From Russia Over War in UkrainePricewaterhouseCoopers LLP is set to exit Russia after 30 years of doing business there, and KPMG LLP is pulling out of Russia and Belarus in response to the war in Ukraine. 𝙸 𝚓𝚞𝚜𝚝 𝚖𝚊𝚍𝚎 R100k 𝚒𝚗 5 𝚍𝚊𝚢𝚜 𝚘𝚏 𝚝𝚛𝚊𝚍𝚒𝚗𝚐, 𝚒𝚝'𝚜 𝚞𝚗𝚋𝚎𝚕𝚒𝚎𝚟𝚊𝚋𝚕𝚎! 𝙰𝚕𝚕 𝚝𝚑𝚊𝚗𝚔𝚜 𝚝𝚘 Nelly_wa_Macha 𝚐𝚛𝚊𝚝𝚎𝚏𝚞𝚕 𝚖𝚊, 𝙸'𝚕𝚕 𝚔𝚎𝚎𝚙 𝚘𝚗 𝚝𝚎𝚜𝚝𝚒𝚏𝚢𝚒𝚗𝚐 𝚘𝚏 𝚢𝚘𝚞𝚛 𝚐𝚘𝚘𝚍𝚗𝚎𝚜𝚜 It was very difficult for me and my family to feed during the pandemic am so grateful to god for letting me come across Nelly_wa_Macha
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Prosus writes down R12bn investment in RussiaNaspers arm joins host of companies and investors counting losses from invasion of Ukraine 🔒 There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting about GregsonLillian8 has been a pleasure collaborating with you...there is no other way I can show my appreciation other than tweeting the good deed you have done.
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »