Naspers unveils share-swap plan with Prosus to help close value gap
Prosus will acquire up to 45.4% of Naspers N-ordinary shares, which is expected to increase liquidity in the former
12 May 2021 - 09:14
UPDATED 12 May 2021 - 09:56
Naspers, Africa’s most valuable group, has announced a plan for shareholders to swap their ordinary N-shares with those of Amsterdam-listed consumer internet subsidiary Prosus, as it seeks to close a hefty gap between the underlying value of its assets and its market value.
The proposed transaction would see Prosus acquire up to 45.4% of issued Naspers N-ordinary shares, through the issue of about 2.27 of its shares for every Naspers share...
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.