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The structure of the Rosselkhozbank became the owner of half of Avito – Meduza

The company, under the management of the Rosselkhozbank, became the owner of a 50% business of the Avito Assault Service, Interfax reports with reference to the press release of the transaction participants. The transaction parameters that were closed in April are not disclosed. It is noted that it was committed as part of the Kismet Capital Group partnership (previously the only owner of Avito) and a financial organization. 2022, the Rosselkhozbank financed the transaction for the purchase of Avito by the Kismet group. What is the structure of the Rosselkhozbank, is not specified. One of the first about the transaction with reference to sources was reported by RBC. According to him, Ivan Tavrin, the founder of Kismet Capital Group and the former Director General of Megafon, announced a deal at a meeting with Avito’s employees on April 24. The delay “was commercial, although it included elements of credit funds that Kismet used when buying a company in 2022,” said one of the sources of RBC. The transaction has already been coordinated in the Federal Antimonopoly Service. The sale of half the business of Avito does not imply change of management – as well as the formation of a board of directors with representatives of two shareholders now. There are two directions in the focus of shareholders relative to the further fate of the service – “Preparing the company for expansion in international markets and conducting an IPO,” said RBC sources. “Together with the RSHB, we are considering the possibility of Avito’s entry into public capital markets,” Tavrin.kismet Capital Group, Ivan Tavrin, bought “Avito” from the South African NASPRS, 151 billion rubles in 2022. In December 2023, Tavrin and the associated companies, including Kismet Capital Group, fell under US sanctions. In the summer of the 2024th, the businessman was included in the sanctions list of Great Britain. In August 2024, Tavrin sold “Muz-TV” and the rest of the media business to the group of investors, among which was the structure of a friend of Vladimir Putin-Yuri Kovalchuk. (Tagstotranslate) News

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