Naspers’ Spinoff of Tencent Shares Generates Little Investor Interest | Barron's
That was enough to transform Naspers NPN. South Africa into the fifth-largest emerging markets outfit by stock-market value, as Tencent became a top Chinese online services and technology company. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
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Naspers Delays Its Tencent Spin-Off: What Investors Need to Know | The Motley Fool
For the best Barrons. Google Firefox.Apr 07, · Naspers spin-off Prosus has announced its intention to reduce its stake in Tencent by 2%, selling over million shares in the process. To put the proposed sale into perspective, Prosus will raise over Rbn from the 2% sale of Tencent, which is being sold to investment banks Citigroup, Goldman Sachs and Morgan Stanley at a discount to Tencent’s share price. Sep 11, · Sep 11, · Naspers spun off around 25% of Prosus to its shareholders, and is retaining roughly 75% ownership. Prosus shares soared to euros by GMT, from a reference price of euros, valuing the company at billion euros ($ billion). Shares in Naspers fell % to 2, rand following the spinoff, valuing the group at $ billion. Mar 29, · Mar 29, · Naspers, a century-old South African publisher, found new life as a global internet investor–notably by taking a one-third stake in the early s in a Chinese start-up called Tencent. That was Author: Craig Mellow.
Subscribe Now. The moment Naspers investors have all been waiting for finally came, and they hardly noticed. Subscribe or Sign In. Thank you This article has been sent to. With a debut that left Prosus trailing only SAP tenceng market value among tech companies listed in Europe, Naspers leaders feel their goal is within reach.Mar 25, · Mar 25, · Tencent’s biggest investor Naspers to spin off 31 per cent stake to form Europe’s largest listed consumer internet group Naspers, Africa’s largest company, owns Tencent shares valued about Is Accessible For Free: False. Sep 11, · – The new company, Prosus, includes Naspers’ 31% stake in Chinese Internet giant Tencent Holdings, currently worth around $ billion. Naspers spun off around 25% of Prosus to its Estimated Reading Time: 3 mins. Sep 11, · Sep 11, · Naspers spun off around 25% of Prosus to its shareholders, and is retaining roughly 75% ownership. Prosus shares soared to euros by GMT, from a reference price of euros, valuing the company at billion euros ($ billion). Shares in Naspers fell % to 2, rand following the spinoff, valuing the group at $ billion.
Another reason for the move was that Naspers, which retains a 73 percent stake in Prosus, had essentially outgrown its home on the Johannesburg exchange. An investment on pay-TV in South Africa in the s gave the company the money it needed to diversify and to start investing abroad.
One of the overseas investments was the stake in Tencent, which was struck under Mr. Buoyed by its Tencent experience, Naspers began ofd invest elsewhere around the world, particularly in emerging markets where the cost of buying was low and the chance of another breakout gain was high. Prosus also has a venture capital team, which has taken smaller stakes in start-ups focused on areas like education technology.Tencent stock: Naspers' spin-off Prosus sells stake worth $15 billion - CNN
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