02 Mar 2022
Statement on Ukraine
We are appalled by the war in Ukraine and highly concerned for everyone affected. We hope that a diplomatic solution can be found to de-escalate the situation as quickly as possible.
Statement on Ukraine
2 March 2022 - We are appalled by the war in Ukraine and highly concerned for everyone affected. We hope that a diplomatic solution can be found to de-escalate the situation as quickly as possible.
Our OLX Europe business employs 350 people in Ukraine and their safety is of paramount importance. We are in close contact with our Ukrainian employees and we are taking all appropriate action to support them. We have arranged accommodation for employees and their families wishing to relocate away from the east of Ukraine and into the west, and also to leave Ukraine where this is possible. Colleagues in neighbouring countries are offering their own support to Ukraine-based employees and their families. We have also advanced salaries and have offered additional financial support to those in need. Additionally, OLX Europe has committed US$350,000 (US$1,000 for every OLX Ukraine employee) to the International Committee of the Red Cross, which is providing humanitarian aid at this time to the local communities in Ukraine.
We have also more than 4,000 employees in Russia working for our locally-run Russian classifieds business, Avito. Avito is supporting all of its team through this uncertain time.
At this stage, we cannot speculate on the longer-term implications for our operations and investments. We will provide updates as more information becomes available.
Updates
Prosus to sell its shareholding in Avito - 20 May 2022
Prosus commits US$10m to humanitarian aid in Ukraine - 30 March 2022
Statement on Avito - 25 March 2022
Statement on Avito job adverts - 21 March 2022
Investor call recording - 7 March 2022
About Prosus
Prosus is a global consumer internet group and one of the largest technology investors in the world.
Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
The group is focused on building meaningful businesses in the online classifieds, food delivery, payments and fintech, and education technology sectors.
Through the Prosus Ventures team, the group invests in new technology growth opportunities within logistics, fintech, health, blockchain, social and ecommerce platforms, agriculture and more.
The team actively backs exceptional entrepreneurs using technology to improve people's everyday lives.
Each month, over two billion customers across the globe use the products and services of companies that Prosus has invested in, acquired or built.