JSE not worried about Naspers eyeing greener pastures
The company plans to list its non-South African internet businesses in Amsterdam
The JSE insisted on Monday that Naspers’s decision to list the bulk of its portfolio offshore — including a prized stake in Chinese internet giant Tencent — would not harm liquidity on the continent’s biggest bourse.
After fielding repeated calls from investors to find ways to unlock value, Naspers said on Monday it planned to list an entity, currently named NewCo, in Amsterdam.
If you are already a subscriber, please click on the following link to go to the full article: JSE shrugs off fear about Naspers split
Market Analyst at Oanda Ed Moya explains Naspers's plans to form NewCo.