Prosus value gap may narrow if share is included in top index
If it happens as expected in September, inclusion in the Euro Stoxx 50 could help reduce its 33% discount to net asset value
13 July 2020 - 20:05
Analysts say the likely inclusion of Prosus in a top European equities index may advance efforts to address the technology group’s trading discount as its shares are driven by a rally in global tech stocks.
Inclusion in the Euro Stoxx 50, an index of Europe’s largest listed companies, is likely to attract greater pools of capital to Prosus, giving investors access to its internet properties — which are spread across classifieds, payments and fintech, food delivery, e-tail, ventures and travel — helping to drive up the group's overall value...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.