Naspers says Prosus unit to be valued at about R1.52-trillion
Investors have given the go-ahead for a plan to list the new entity on the Euronext exchange
Naspers said on Monday a newly created entity containing assets including its stake in Chinese internet giant Tencent will be valued at about a tenth of the JSE’s R13.36-trillion value.
Africa’s largest company by market value received shareholder backing last week to proceed with the listing of Prosus in Amsterdam in September. Alongside the Tencent stake, the new company will hold businesses from Brazil to Germany in industries such as online food delivery and classified advertising.