Kismet Capital Group of the former head of MegaFon closed the deal to buy Avito
[ad_1]
Investment group Kismet Capital Group (KCG) of the former head of MegaFon, Ivan Tavrin, has closed a deal to acquire the Avito ad service from the South African investment holding Naspers. The relevant information was posted in the Unified State Register of Legal Entities (USRLE) today, October 25.
According to the Unified State Register of Legal Entities, KEKH eCommerce LLC, the main Russian legal entity of Avito, and Avito Holding LLC are 99.9% owned by Radio Advertising Vologda LLC, the ultimate owner of which is Kismet Capital Group LLC. The remaining shares in KEX eCommerce and Avito Holding were received by Infrastructural Holding-2 LLC, owned by Kismet Capital Group.
As a result of the transaction, the Avito group, which includes KEH eCommerce LLC, Avito Holding LLC, with all their subsidiaries, will come under the control of the new owner and will continue to operate as an independent private Russian IT company.
14 October Naspers-Prosus structure concluded agreement with KCG on the sale of a 100% stake in Avito for RUB 151 billion As interlocutors in the IT market told Kommersant, Prosus sold Avito cheaper than it could, against the background of a bill submitted to the State Duma that proposes to limit the maximum share of foreign ownership in large Russian classifieds to 20% of the authorized capital.
According to the interlocutor, after the outbreak of hostilities, the holding was estimated at 200-300 billion rubles, but after the adoption of the bill in the first reading, the price had to be reduced.
More details – in the material “Kommersant” “Avito has a new owner”.
[ad_2]
Source link
