Prosus to ditch low-profit assets, says Van Dijk
As part of the changes the company is making to reduce the discount, Prosus may sell some businesses, or list them
Technology investment group Prosus will divest from more assets that no longer meet its high-return expectations after shareholders approved the unwinding of the group's crossholding structure with parent company Naspers.
Shareholders this week voted in favour of simplifying the complicated shareholding structure, a move that will, among other things, narrow the discount that the two companies' shares are trading at to their net asset value (NAV) per share through an open-ended share buyback programme. ..
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