Edition:
United Kingdom

Naspers Invests $1.16 Bln In Avito


Friday, 25 Jan 2019 

Jan 25 (Reuters) - Naspers Ltd ::CO'S CLASSIFIEDS BUSINESS OLX ANNOUNCED INVESTMENT OF $1.16 BILLION AT IMPLIED ENTERPRISE VALUE OF $3.85 BILLION TO BUY FURTHER 29.1 PCT STAKE IN AVITO.OLX GROUP’S STAKE INCREASES FROM 70.4 PCT TO 99.6 PCT ON A FULLY DILUTED BASIS..TRANSACTION CLOSED ON JANUARY 25, 2019 AND WAS FUNDED BY NASPERS’ EXISTING CASH RESOURCES.