the g spot
Q&A with Naspers CFO on Prosus separation
Prosus has clocked up its first week as a separate entity on Amsterdam’s Euronext, becoming that exchange’s third-largest company. We asked Basil Sgourdos if the separation has achieved what Naspers wanted
Prosus has clocked up its first week as a separate entity on Amsterdam’s Euronext, becoming that exchange’s third-largest company. We asked Naspers CFO Basil Sgourdos if the separation has achieved what Naspers wanted.
It’s still early days, right, there are some ways to go before the two lines settle; there are index moves, there are shareholders positioning themselves. But if we reflect on what’s happened in the first week or so, actually the overall prognosis is good. Before we announced this transaction, Naspers was trading at a discount to NAV of 45%. Today, if you look at where Prosus is trading, it’s roughly at a 20% discount, sometimes a bit less than that, and Naspers continues to narrow to about 35%...
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