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☆ Dutch online marketplace OLX contributing to EU antitrust probe into Meta
▼ + stars: | 2023-07-21 | by ( Foo Yun Chee | ) www.reuters.com time to read: +1 min

BRUSSELS, July 21 (Reuters) - Dutch online marketplace OLX is helping EU antitrust enforcers in their investigation into Facebook owner Meta Platforms (META.O), the Naspers unit said on Friday. Meta, which contested the charges at a closed hearing held by the EU competition enforcer last week, has said the EU's case is without foundation. OLX said it took part in the hearing "to contribute to their (EU) investigation about Meta antitrust practices". OLX is owned by Dutch technology investor Prosus NV (PRX.AS), a subsidiary of South African technology investor Naspers (NPNJn.J). Norwegian media group Schibsted (SCHA.OL) also participated in the EU hearing.

Persons: OLX, Naspers, Foo Yun Chee, Louise Heavens Organizations: Facebook, Meta, European, Prosus NV, Thomson Locations: BRUSSELS, EU, Dutch, African, Norwegian

☆ Prosus considers sale of automotive classified advertising business
▼ + stars: | 2023-03-02 | by ( ) www.reuters.com time to read: +1 min

AMSTERDAM, March 2 (Reuters) - Technology investor Prosus (PRX.AS) is considering a sale of its OLX Autos classified advertising business, the company said on Thursday. Prosus said the pursuit of growth in the car advertising business was no longer the right approach because the second-hand car market had been hit by a "significant and persistent slowdown" owing to weakening economic growth and high inflation. "Prosus will explore all options for the OLX Autos business, acknowledging that significant value exists within local markets," the company's statement said. "The exit of OLX Autos will lead to a significant improvement in the profitability profile of the classifieds segment as a whole." OLX Autos increased revenue by 84% to $1 billion in the first half of its 2022/2023 financial year, Prosus said in November, but trading losses increased to $206 million owing to investment in expansion of the direct-to-consumer business.

☆ Prosus, Naspers cutting 30% of jobs at corporate offices
▼ + stars: | 2023-01-25 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Dado Ruvic/IllustrationAMSTERDAM, Jan 25 (Reuters) - Prosus NV (PRX.AS) and its South African parent Naspers (NPNJn.J) are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said. "We are adapting to a changing macro environment and have been working for some time to strengthen our cost structures," a Prosus spokesperson said in a statement on Wednesday. Prosus and Naspers have around 15 corporate offices around the world, with the largest ones in Johannesburg and Amsterdam. There is no figure available for the number employed at corporate offices located around the globe, a spokesperson said. There was no schedule for the cuts to the corporate offices.

☆ Приватизация по-украински. Молдавский инвестор потерял миллионы, купив у Украины спиртзавод
▼ + stars: | 2021-04-22 | by ( Super User | ) mybusiness.md time to read: +11 min

С одной стороны инвестор, который утверждает, что он получил не то, что покупал, с другой — Фонд госимущества, который уверяет, что провел три аудита предприятия, пишет delo.ua. Эти деньги уже могли бы уйти в бюджет страны, однако в феврале оказалось, что иностранный инвестор судится с ФГИ. Со стороны государства это — формально правильное и правомерное действие. Конечно, возможно инициирование многих процессов, как со стороны покупателя, так и со стороны государства, которые будут блокировать (и разблокировать) повторные продажи. Если покупатель докажет противоправность действий и обман со стороны государства, возможно взыскание убытков, по меньшей мере, в виде прямых расходов (гарантийный взнос, услуги адвокатов, иные судебные издержки).

Persons: Aliexpress OLX, Saad, —, Шаади Саад, Денис Шкаровский, Шкаровский, Укрспирт Organizations: VB, Фонд госимущества, Марыливский спиртзавод, ФГИ, ФГИВ ФГИ, Укрспирт, Марыливский МПД ГП Укрспирт, Фонд, СП, юристовДиректор, Фонд государственного имущества, Марыловский спиртзавод Locations: Тернопольская область, Марыловский, США, Украина, Республика Молдова, Марыловский спиртзавод, Молдова

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