Prosus: Naspers lists its giant Tencent stake in Amsterdam
CNNLondon CNN Business — Europe has a new tech giant. Naspers, the South African media company that hit the jackpot with an early investment in Tencent, on Wednesday spun out its 31% stake in the Chinese internet group by listing a new company on Amsterdam’s stock exchange. Called Prosus, the company was worth €95 billion at listing, making it the biggest consumer tech stock in Europe and the second biggest tech company in the region behind German software group SAP. Naspers will continue to own at least 73% of Prosus, which also holds other technology assetssuch as stakes in restaurant app Delivery Hero, online classifieds business OLX Group and Russian internet company Mail.ru. Naspers estimates that demand from passive investors for shares in Prosus could total as much as $3 billion, following the stock’s inclusion in a number of large global indexes.
History of this topic
Highest-paid CEO suddenly resigns from Prosus and Naspers
NL Times
Tencent stock: Naspers’ spin-off Prosus sells stake worth $15 billion
CNN
Tencent: Naspers is bringing its $134 billion stake to Europe
CNN
Naspers plans further investment in $2 billion Swiggy
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