EDITORIAL: Tencent discount needs Naspers to give up control of Prosus
CEO Bob van Dijk might have to wrestle with the valuation conundrum a while longer
Talk about nice-to-have corporate headaches, Bob van Dijk, the boss of Prosus, a unit of Naspers’ global internet behemoth, will tell you all about it.
The Dutchman has been preoccupied for much of the past five years since his appointment unlocking value trapped in Naspers’ share price, which continues to trade at a hefty discount to its 31% stake in its Chinese money-spinner, Tencent Holdings. ..